>> And I say, go have the responsibility to make it, not to break it.>> China's ambassador to the US, Cui Tiankai on Tuesday warning of dire consequences for the world if Washington and Beijing slide further into a trade war.>> We are so interdependent and we have shared responsibility to the global economy.
I don't know if people really realize the possible consequences, the impact, the negative impact if there's such a decoupling.>> Cui speaking to Reuters Tuesday, days before President Donald Trump's meeting with Chinese president, Xi Jinping on the sidelines of the G20 economic summit in Buenos Aires. The world's top economic powers meeting as Trump prepares to ratchet up tariffs on Chinese goods to 25%, alleging wide spread theft of US technology.
Cui pushing back with a veiled rebuke.>> We were not the ones that started or initiated the rise of temperature, so hopefully people in important positions will behave in a responsible way.>> At the White House, Trump's economic advisor, Larry Kudlow opening the door to a deal.>> I wanna just mention what the president told us a short while ago and that is, in his view, there's a good possibility that a deal can be made and that he is open to that.
>> The two nations have slapped hundreds of billions of dollars of tit for tat tariffs on each other over the past year.>> You see, we in China, we certainly don't want to have any trade war with anybody else, certainly not the United States. And we want to have a negotiated solution to these kind of issues.
But the key to this solution is a balanced approach to concerns of both sides. We cannot accept that one side would put forward a number of demands and the other side just has to satisfy all these things.>> Upping the ante ahead of the high stakes meeting with Xi, Trump telling the Wall Street Journal he could impose a 10% tax on laptops and mobile phones imported from China.