The Trump administration, in a protectionist measure to provide American companies a level field with their Chinese counterparts, imposed a whopping $50 billion tariff on imports of Chinese products.
Referring to USA accusations on China stealing intellectual property, Hua said it is a serious distortion of reality, as China is firmly implementing an innovation-driven development strategy.
Lighthizer's office has said that Trump's tariffs are OK because they were taken under a U.S.
However, what started as a mere economic tariff on electronic devices has escalated into a trade war between the two largest economies in the world. China, for its part, responded by implementing retaliatory tariffs on the US shortly afterward.
But the story won't end there. The U.S. launched the separate disputes at the World Trade Organization on Monday.
After weeks of apparently fruitless negotiations, the United States early this month imposed 25 percent tariffs on approximately $34 billion of Chinese mechanical and technological products, sparking an immediate response from Beijing, which said it would hit back dollar for dollar.
China's economic growth slowed in the second quarter of 2018 as the trade war with the USA intensified, according to Reuters.
Several of the more than 20 governors attending the annual meeting of the National Governors Association said shifting USA trade policies are rattling markets for agricultural commodities and complicating decisions by foreign investors.
Jose Mourinho 'worried' by Manchester United players' World Cup exertions
I'm sure that's what the manager thinks because I don't think I would still be involved right now if he didn't believe in me. The positive thing is only for the young boys that have a fantastic opportunity to train with us.
Today, the WTO (World Trade Organization) is the principal forum for global dialogue on promoting free trade by facilitating negotiations among member states for goods and intellectual property.
"The (US) tariffs are typical unilateralism, protectionism and trade bullying".
Senior researcher Dong Yan at the Chinese Academy of Social Sciences said China should firmly uphold the multilateral trading system while sticking to its established agenda of further opening-up.
The United States told the WTO last week that a "reckoning" over China's unfair trade policies is urgent and is too big for the WTO to handle.
Hutchinson spoke Thursday while on the sidelines at the National Governors Association meeting in New Mexico.
China is the largest importer of soybeans in the worldwide community.
The campaign is the latest sign of how Democrats believe the impacts of Trump's trade moves on particular industries could resonate with voters in key states.
A public hearing on the latest proposal, to be held at the Washington, D.C. offices of the US International Trade Commission, is scheduled for August 20.
"I urge you and your trade representatives to understand the plight of businesses struggling during this period of extreme uncertainty and do everything in your power to return certainty and stability to global markets", the Wisconsin Republican said.