If the United States really realizes its intentions to increase duties on Chinese imports, then Beijing will be forced to retaliate. This was announced at a briefing by the official representative of the Ministry of Foreign Affairs of the People’s Republic of China, Gen Shuang, RIA Novosti reports.According to him, the threats of US President Donald Trump to strengthen sanctions violate the agreements reached during the talks in Osaka at the G20 summit. Geng Shuang pointed out that intimidation with China would not work.The United States wanted to introduce a 10 percent duty on Chinese imports of $ 300 billion in two phases – from September 1 and December 15. China responded with its duties on more than five thousand items of goods worth $ 75 billion. After that, Trump announced the increase in new duties not by 10, but by 15 percent. Additionally, from October 1, existing import duties of $ 250 billion will increase from 25 percent to 30.Amid a new round of trade conflict, Chinese markets have fallen. At the opening, the indices of the Shanghai and Shenzhen stock exchanges fell 1.6 and 1.93 percent, respectively. On Friday, August 23, the US markets reacted to Trump’s statement about the increase in duties.Speaking at the G7 summit in France, Trump on the sidelines announced that China, after his words, had requested a new phase of negotiations. The US President expressed confidence that the parties will be able to come to some kind of decision.The trade war of the two largest economies on the planet lasts a year and a half. The promise of fair trade with China has become one of the key points in Trump’s 2016 election campaign. Washington made the introduction of duties the main weapon. The head of the White House is confident that the advantage in imports will not allow the United States to lose. In 2018, China imported about $ 180 billion worth of goods from the United States, which is less than the amount of U.S. sanctions.