{"id":644187,"date":"2019-05-30T07:09:21","date_gmt":"2019-05-30T07:09:21","guid":{"rendered":"
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China accused the United States of \u201cnaked economic terrorism\u201d on Thursday as Beijing ramps up the rhetoric in their trade war.<\/p>\n

The world\u2019s top two economies are at loggerheads as trade talks have apparently stalled, with US President Donald Trump hiking tariffs on Chinese goods earlier this month and blacklisting telecom giant Huawei.<\/p>\n

\u201cWe are against the trade war, but we are not afraid of it,\u201d vice foreign minister Zhang Hanhui said at a press briefing to preview President Xi Jinping\u2019s trip to Russia next week.<\/p>\n

\u201cThis premeditated instigation of a trade conflict is naked economic terrorism, economic chauvinism, and economic bullying,\u201d Zhang said, stressing that China opposes the systematic use of sanctions, tariffs and protectionism.<\/p>\n

\u201cThere is no winner in a trade war,\u201d he warned.<\/p>\n

China has hit back with its own tariff increase that will take effect June 1, while state media has suggested that Beijing could stop exports of rare earths to the United States, depriving Washington of a key resource used to make hi-tech products.<\/p>\n

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