China’s Xi says Beijing wants trade deal, can ‘fight back’

BEIJING — Chinese President Xi Jinping says Beijing wants to work for a trade deal with the United States but is not afraid to “fight back.”

Reinforcing the upbeat tone taken in recent days, Xi told a visiting U.S. business delegation on Friday that China holds a ‘positive attitude’ toward the trade talks.

He reiterated China’s stance that a deal requires ‘mutual respect and equality.’

The latest flareup in trade tensions came after President Donald Trump imposed punitive tariffs last year on billions of dollars’ worth of Chinese exports to the U.S., seeking to ramp up pressure for changes in Chinese trade and investment policies.

Xi told the senior leaders meeting at Beijing’s ornate Great Hall of the People that China is not afraid, but doesn’t want a trade war.

Must Read

Britain's May seeks out new trading relations...

Sep 4, 2016

British Prime Minister Theresa May says she intends to seize new trading opportunities for a...

China imports grow in August for 1st time in 2...

Sep 8, 2016

China trade showed unexpected strength in August in a positive sign for global economic growth

US tycoon's China scholarship project opens doors...

Sep 10, 2016

A new scholarship program intended to rival the prestigious Rhodes Scholarships and build...

Asian markets lower after Wall Street decline

Sep 15, 2016

Asian stock markets were mostly lower Thursday following Wall Street's decline in light trading...

Asian stocks rise after Wall Street gains

Dec 21, 2016

Asian stocks are higher after U.S. stocks rose to record levels despite attacks in Germany and...