China on Sunday threatened retaliation against the U.S. during a round of trade talks, saying that economic and trade deals negotiated by the two countries would become “void” should Washington impose new sanctions. China had agreed last month in Washington to “significantly increase” its purchases of U.S. goods and services, Reuters reported. The agreement came several weeks after each country threatened to impose $150 billion tariffs on each other’s goods and services. The renewed push for Chinese tariffs coincides with Washington’s announcement last week that it would implement duties on steel and aluminum for other key allies. U.S. Treasury Secretary Steven Mnuchin said Saturday that the push to have China purchase more American goods was partially intended to shrink a $375 billion U.S. trade deficit with the country.

Source: Fox News June 03, 2018 09:41 UTC