Chinese state television said, "no additional tariffs will be imposed after January 1" while Chinese President Xi Jinping told Trump that only through cooperation could the United States and China serve the interest of peace and prosperity.
The World Trade Organization, the watchdog of global commerce, has fallen victim to Trump's trade war on economic rival China and the United States has put pressure on the WTO itself to reform.
For the first time in 25 years, the member countries of the Asia-Pacific Economic Cooperation (APEC) failed to make a joint statement on Sunday under the shadow of US and China trade war.
The world's largest trade deal, also called RCEP, is pushed back to next year as trade ministers of Asia-Pacific countries fail to agree key terms at a summit, ahead of ASEAN meeting, in Singapore.
The spirit of NAFTA is not dead yet, though Trump continues to boast about renegotiating the terms of the 25-year-old trade deal ahead of the midterm elections slated for next month.
The United States' changing trade policy following Donald Trump's taking office threatens the global economy as Washington indiscriminately targets key allies and rivals alike.
Soon after the fresh duties went into effect, China accused the United States of engaging in "trade bullyism" and said it was intimidating other countries to submit to its will through measures such as tariffs, the official Xinhua news agency said.
As China and the US vye for political and economic influence in several regions, the rivalry will inevitably turn into a clash. Which country is best placed to come out on top?
The tit-for-tat measures are the latest escalation in an increasingly protracted trade dispute between the world's two largest economies.
The new tariffs are in addition to the 25 percent levy already imposed on $50 billion worth of Chinese goods and Washington threatened even more if China retaliates.
Canada and US officials are due to meet to settle major disputes amid pressure from Washington for a quick settlement. Trump said he could exclude Canada from the NAFTA pact but Trudeau will not back down on key issues.
"We know that a win-win-win agreement is within reach," Canada's Foreign Minister Chrystia Freeland told reporters. "We'll keep talking until we reach a good deal," she said.
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