As the leaders of Canada and Mexico rushed to respond after Donald Trump started a new trade war, Chinese President Xi Jinping took a breath before his nation announced any concrete retaliation.

President Donald Trump’s buddy, China’s President Xi Jinping, is hustling to fix things with America before the highly-expected trade war kicks off on Monday. He’s calling for a truce in a fight he never started,

China has reiterated its threat to take “necessary countermeasures" following Trump’s decision to impose 10% tariffs on China.

President Donald Trump has finally made good on a campaign promise to raise tariffs on Chinese imports – announcing on Saturday duties of 10% on all Chinese goods coming in the country as part of sweeping trade measures that also targeted Mexico and Canada.

Robert Lighthizer, who was the U.S. trade representative in President Trump's first administration, says China poses an existential threat to the United States that must be urgently addressed by Washington.

Unlike Canada and Mexico, China hasn't yet announced retaliatory tariffs after Trump unveiled his long-awaited levies on Saturday. Beijing may not have to go that route as it has a "trick up its sleeve" in the form of currency devaluation,

Beijing says it wants dialogue with U.S. President Donald Trump and will go ahead with unspecified "countermeasures" to new U.S. tariffs on imports from China.