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'China is not afraid of and will not recoil from a trade war': The Chinese government blasts Trump's new tariffs and

The measures suspending tariff concessions will target 128 United States products including pork, wines and seamless steel tubes, the Ministry of Commerce said in a statement. The products include wine, nuts, fresh fruit like cherries and apples, and dried fruit.

In the statement, China urged the U.S.to resolve the trade dispute via dialogue.

The U.S. Trade Representative will publish a "long list" of proposed tariffs within 15 days. "Some people" from the USA are "too arrogant and have misjudged the situation", Chinese foreign ministry spokesperson Hua Chunying said on Friday.

But Mei also recommended selling U.S. Treasury bonds and undermining the U.S. stock market to make Trump "feel the pain". He said in recent months, China has felt increased pressure from its trade partners.

Responding to questions, the official said the concerns with Chinese economic practices are widespread throughout the United States and around the world.

Meanwhile in New York, China and the U.S clashed on Friday at the UN Human Rights Council, where the USA delegation rejected a resolution brought by Beijing that it said sought to glorify Xi Jinping's "win-win" approach.

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The plan intends to "balance losses to Chinese interests caused by the US tariffs on steel and aluminum products", an unnamed ministry spokesperson said in a separate statement.

About 97 percent of US wine exports come from California. USA exports of fruits, frozen juices and nuts to China amounted to $669 million past year, and it was the top supplier of apples, cherries, walnuts and almonds.

"From a macro perspective the additional tariff is only equivalent to 0.1 percent of China's GDP and affected exports only account for 2.2 percent of China's total exports", they wrote in a note.

"No one wins in these tit-for-tat trade disputes, least of all the farmers and the consumers", said National Pork Producers Council President Jim Heimerl, a pig farmer from Johnstown, Ohio.

"China is seeking a path toward harmonization of man and nature", a Geneva-based WTO official quoted China's trade delegate, cited by Reuters.

Arriving at a European Union summit, German Chancellor Angela Merkel said "thanks" to Malmstrom "for holding intensive talks with the United States and we will see what the result is". It's a trade "spat", not a trade war, and most economists agree it's unlikely to do much, if any, damage to the $19.4 trillion US economy.

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Beijing will impose the 15% reciprocal levy if China and the USA fail to reach an agreement on the trade actions within a set period of time.

"We have a tremendous intellectual property theft situation going on", Trump told reporters.

The US Chamber of Commerce in Shanghai said American companies face market access barriers in China but it said both sides should avoid a trade war. "But the contrast between China's growth and its unfair trade practices, and what had happened to the U.S. in terms of growth and wage growth, is quite startling", the official said. "This includes working closely with our worldwide partners to identify unfair trade barriers and practices that China must remove, setting deadlines for such reforms and outlining actions that the United States will take if those reforms are not undertaken", it said.

Instead, the administration says that its tariffs are aimed at convincing China to abandon trade practices US officials describe as "economic aggression".

Noting that consultations are the first step in the WTO dispute settlement process, the USTR said if the United States and China are not able to reach a mutually agreed solution through consultations, the Trump Administration may request the establishment of a WTO dispute settlement panel to review the matter.

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