China is obliged to buy more United States agricultural goods, according to Trump

US, China negotiators resume trade war talks

US, China negotiators resume trade war talks

To deal with protectionism, Beijing will continue to promote the importance of having organizations that bring countries together in openness and inclusiveness, such as the World Trade Organization and the Group of 20 summit, Mr Liu said.

Since the breakdown, China's state media has taken a increasingly nationalistic tone, putting out articles and commentaries blasting the United States and its tariffs.

In the financial markets, Trump's tweet was reacted with some shock.

Early this month, markets in Asia rallied following a ceasefire on the tariff war between the two countries.

President Trump on Thursday accused China of breaking a promise President Xi Jinping made at the G20 to buy more USA farm products - ratcheting up the pressure as talks resumed over the trade war between the world's two largest economies. Talks had broken down in May over U.S. accusations that Beijing had reneged on its commitments, and the dispute escalated with the two sides exchanging steep increases in punitive tariffs.

Beijing has also outlined three core concerns it says must be met in order to reach a deal: cancelling all punitive tariffs imposed during the trade war, reaching a more reasonable figure for Chinese purchases of United States goods, and ensuring a more "balanced" text of the trade agreement.

"They have not been buying the agricultural products from our great Farmers that they said they would", the president said on Twitter.

Trump promised not to impose new tariffs on Chinese goods and to ease restrictions on technology company Huawei, and said Xi had vowed to buy more products grown by American farmers, though the Chinese never confirmed the hike in farm imports.

On Thursday, Beijing also called for the U.S. to immediately drop sanctions against Chinese tech giant Huawei, which was blacklisted in May over national security concerns.

Since January this year, China had already lowered the expectations for its annual growth forecast from last year's rough target of 6.5%, to a range between 6.0% and 6.5%. China has vowed not to give in on issues of principle nor under USA pressure.

China's second quarter GDP results, which is due soon, is predicted to come in at 6.2%, a recent Nikkei survey showed.