China is taking forceful countermeasures to defend its interests against "isolationist and coercive" measures from the U.S. but still maintains that trade ties are mutually beneficial, according to a new white paper released by a Chinese state media outlet hours after U.S. President Donald Trump's 104% tariff on Chinese goods took effect.
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00:00China says it does not want a trade war with the U.S., but will fight against U.S. President Donald Trump's tariffs.
00:07State news agency Xinhua says Beijing has released a white paper on economic ties with the U.S.,
00:12hours after Trump's 104 percent tariff on Chinese imports took effect.
00:18And if China says the measures show the isolationist and coercive nature of U.S. conduct and will have serious repercussions,
00:26China has responded with a 34 percent tariff on American goods.
00:30But a paper says Beijing is willing to communicate with Washington and believes in win-win trade.