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04 June 2018, 03:00 | Marta Robbins
China warns US that tariffs will kill any chance of trade benefits
The talks were led by US Commerce secretary Wilbur Ross and Chinese Vice-Premier Liu He in Beijing.
An apparent truce was reached in Washington last month when Mr Liu said the two sides would discuss ways to enhance trade instead of slapping escalating tariffs on each other.
But a short time later China issued a statement through the Xinhua news agency, saying, "If the United States introduces trade sanctions including a tariff increase, all the economic and trade achievements negotiated by the two parties will not take effect".
Asked specifically on Fox's "Sunday Morning Futures" if the U.S.is willing to throw away its relationship with China by proceeding with threatened tariff hikes, Peter Navarro, director of the White House National Trade Council, pointed in part to an unfair relationship involving a multi-billion dollar trade deficit, Defense Secretary Jim Mattis' warning of China's activities in the South China Sea and the threat of China stealing US intellectual property.
Last week, the Trump administration then announced it would roll out duties on Chinese imports worth $50 billion, mainly from the technology sector.
China has warned that agreements to buy more American goods will be void if Washington goes ahead with sanctions and other punitive trade actions.
"Tariffs and expanding exports - the United States can't have both", the paper said.
There was no immediate response from the United States delegation or from Ross himself.
Ross left Beijing for Washington early Sunday evening.
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"It has been a tense and tough G7 - I would say it's been far more a G6 plus one than a G7", said Le Maire, who called the tariffs unjustified.
Mnuchin had said on Saturday the United States wanted China to agree to structural change to its economy.
China has promised to "significantly increase" purchases of farm goods, energy and other products and services.
China's exports have mushroomed since it joined the World Trade Organization in 2001, making it the world's second-largest economy.
U.S. Treasury Secretary Steven Mnuchin said on Saturday the United States wanted this weekend's talks to result in structural changes to China's economy, in addition to increased Chinese purchases of American goods.
"But I also fundamentally believe that if there are structural changes that allow our companies to compete fairly, by definition, that will deal with the trade deficit alone".
Some people familiar with the matter have told Reuters that approval may depend on progress of broader talks and a reprieve from a USA government ban on sales by US companies to China's ZTE Corp, penalised for illegally supplying telecommunications gear to Iran and North Korea.
On Sunday, Chinese media reports framed the lack of concrete outcomes in the latest round of talks as Beijing's way of driving home the point that no substantial discussions can take place when the threat of tariffs looms large. Although the Chinese refused to agree to specific numerical targets that the Trump administration officials sought, the agreement to a broad framework to increase US exports to China was enough to prompt Treasury Secretary Steven Mnuchin to announce that a truce in the "trade war". Liu's delegation included China's central bank governor and commerce minister. Germany is also hoping its steel exports to the U.S. will be exempted from sanctions.
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