FIRST AIRED: July 12, 2018

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00:00:01
>> China firing back at the United States Thursday, saying Washington started the trade war, and intimidation will not lead to productive negotiations.>> For any talk to be successful, one party needs to take the gun off the head of the other party.>> Speaking to reporters at the World Trade Organization, the Chinese Vice Minister of Commerce said China will not back down.
00:00:30
>> This action and the measures taken are against the interests of China. They are hampering the global economic growth, they are just a trade bully.>> The rebuke coming after the Trump administration threatened tariffs on an additional $200 billion worth of Chinese imports. Meanwhile in the US Treasury Secretary, Steven Mnuchin, said on Thursday the administration is available for talks with Beijing.
00:00:56
But according to China's commerce ministry spokesman, there have been no talks between the two powers. Last week, the US activated $34 billion dollars worth of tariffs on Chinese goods, which Beijing then matched in kind. However, while the US levies mostly avoided consumer goods, the new list targets items like car tires, dog and cat food, and beauty products.