On Tuesday, the White House said it would have a final list of $50 billion in imports that would be subject to 25 percent tariffs by June 15, and two weeks later would announce investment restrictions on Chinese acquisitions of USA technology.
The countries said China would "significantly increase" purchases of United States goods and services to reduce their trade imbalance, a top Trump administration demand, and pledged to continue talks.
"China's industrial policies, such as its "Made in China 2025" plan, harm companies in the United States and around the world", the statement went on, adding that China imposes much higher tariffs on USA exports than the US imposes on China and that China's average tariff rate is almost three times the average US rate. The White House said a list of products would be announced June 15.
The final list of imports covered by the new duty will be announced by 15 June, and tariffs will be imposed on those imports shortly thereafter, it said.
The CM2025 project directly threatens US intellectual property rights, a conclusion that the US Trade Representative Office reached two months ago.
"Bilateral relations between China and the U.S. have become an increasing concern to United States businesses in China", AmCham said in its annual American Business in China white paper.
China responded the next day with a $50 billion list of its own, which heavily targeted agricultural and chemical products and which Beijing has vowed to impose as soon as the US moves forward with its tariffs.
The Trump administration said in its statement trade talks with China will continue and it will request China remove all of its many trade barriers, including non-monetary trade barriers, and that tariffs and taxes between the two countries be "reciprocal in nature and value".
"If the United States insists on acting arbitrarily and recklessly, China will take firm and powerful measures to safeguard its own legitimate rights", Hua said.More news: Pause In Palestinian Rocket Attacks, Israeli Airstrikes, Amid Unofficial Cease-Fire
She urged the U.S. to "follow the spirit" of the recent consensus reached between Washington and Beijing, to abandon trade wars and back off imposing tariffs on each other.
China has no reason to address issues brought up by the United States if the government's priorities appear to be constantly in flux, said Eric Altbach, senior vice president at Albright Stonebridge Group and former deputy assistant USA trade representative for China under President Barack Obama.
The decision, which was announced after a state council meeting led by Premier Li Keqiang, aims to further open China's consumer market, will force its industries to upgrade and boost competitiveness, the government said in a statement.
"We were both surprised by and expecting the statement issued by the White House".
Investor Wilbur Ross was brought into the administration as one of President Donald Trump's "killers" - but in recent months, the commerce secretary has been increasingly marginalized, with his agency widely seen in the White House as a mess.
The Trump administration has already won a WTO trade dispute with China in February.
At the same time, Trump is under pressure from Congress to stay tough on China, especially when it comes to Chinese telecommunications-equipment maker ZTE Corp.
In a statement on its website, posted under the heading "China-US Trade Conflict", the Ministry said: "As the two largest economies in the world, cooperation is the only correct choice for China and the US".