China says trade war 'has not made America great again'

Washington's escalating trade war with Beijing has not "made America great again" and has instead damaged the American economy, China said Sunday (Jun 2), stressing that while it wants resolution through talks there will be no compromise on core principles.Beijing's broadside is the latest act in a bruising conflict between the world's top two economies that has spooked markets and sparked fears about the global economy. China said, stressing that while it wants resolution through talks it will not compromise on core principles.The Chinese white paper came just days after Beijing imposed retaliatory tariffs on US goods. Beijing on Friday said it would create a blacklist of "unreliable" foreign firms and individuals, marking a new escalation in the increasingly acrimonious trade dispute between the US and China.The move is seen as a response to the US government's recent decision to blacklist Chinese technology giant Huawei, denying it access to domestic markets and restricting US sales to the company, though a 90-day reprieve was issued.