Beijing, May 16 -- China on Wednesday called on the United States to "carefully weigh its gains and losses, grasp the situation and get back on the right track as soon as possible," in the wake of escalating trade tensions between the two nations, according to the Foreign Ministry spokesperson Geng Shuang.
He added that China has the "confidence and capacity to fend off any external risks and shocks," as the US increased tariffs on Chinese imports amounting roughly to USD 200 million.
Efforts were on between the US and China to put an end to the trade dispute which is ongoing since last year. The two sides had held more than 10 rounds of negotiations towards this before US President Donald Trump accused China of backing out of the deal.
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