Beijing: The ongoing trade tensions between the United States and China have escalated in recent days, with President Donald Trump threatening to impose a 100% tariff on all Chinese imports. Trump's move is said to be in response to China's recent restrictions on the export of rare earth minerals, a crucial component in the production of various high-tech products.

In a statement released on Sunday, China's Commerce Ministry expressed its firm stance on the issue, saying, "We do not want a tariff war, but we are not afraid of one." The ministry emphasized the need for dialogue and negotiation to resolve trade differences, rather than resorting to threats and tariffs. "Frequently resorting to the threat of high tariffs is not the correct way to get along with China," the ministry said.

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