Beijing has warned countries against agreeing trade deals with the US that threaten Chinese interests. A Chinese government official told the Financial Times that Beijing would not turn a blind eye to the terms of Britain's new deal with Trump. “China will need to respond — the UK should not have rushed to agree to the deal,” they said.

China hailed a trade agreement with the U.S. that will see both sides sharply reduce their tariffs for 90 days, calling it an "important step" that could lead to "deepening cooperation" between the world's two largest economies.

The Trump administration says it intends to develop a 'mechanism' that will 'rebalance' the U.S. trade relationship with China — a task that has eluded presidents for decades.