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A day after both the US and China slapped fresh tariffs on each other's goods, Beijing on Tuesday said it's not sure how trade talks can resume.>> Now that the US has taken such sweeping measures of trade restrictions, which is like putting a knife to someone else's neck, how could we conduct negotiations?
>> US tariffs on $200 billion worth of Chinese goods, and retaliatory tariffs on $60 billion worth of US products, kicked in on Monday, unnerving global financial markets. Chinese stocks struggled on Tuesday, US stock futures, meanwhile, opened higher. Trade talks were expected in the coming weeks, but were shelved after Beijing reportedly decided not to send a delegation to Washington.
Saying the US was intimidating other countries to submit to its will. That's according to a white paper on the dispute published by China's State Council, which accused the US of engaging in trade bullyism. China's vice commerce minister on Tuesday said he still thinks there is a way out if both sides treat each other with respect.
But analysts say neither side looks to be in the mood to compromise. Raising the risk of a lengthy battle that could put a chill on the global economy.