Beijing said China's surplus with the USA hit an all-time high of US$28.97 billion last month, while exports to the country hit a record US$42.62 billion.
"China has during this period become a major engine for world economic recovery and growth, contributing almost 30 percent on average per annum to global economic growth", Wang said.
Citing complex requirements for participating in contracts of Chinese state-owned enterprises (SOE) and issues related to qualification requirements, licensing and taxation, Delhi has sought transparency in export of agriculture products including bovine meat and providing services such as IT.
"The Dow Jones Industrial Average fell 219 points, or 0.88%, to 24,700, the S&P 500 slid 0.71 percent and the Nasdaq was down 0.55 percent", reports TheStreet.com, while the Financial Times said (paywall), "U.S. futures slid" and "industrial stocks were back under fire again" after the new tariff announcements: "Boeing is down 1.2 percent, Caterpillar dropped 1.5 percent and Deere shed 2 percent".
The administration's action on Tuesday comes after Washington imposed 25% tariffs on $34 billion worth of Chinese goods on July 6. China retaliated with higher duties on a similar amount of American goods. Beijing vowed "firm and forceful measures" in response, but China's lopsided trade balance means it can not match the full scale of American tariff hikes. "We will continue to improve the business environment and protect the legitimate rights of foreign companies in China".
"Exports rose 11.3% y/y (consensus 9.5%), while imports rose 14.1% y/y (consensus 21.3%)".
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Zhang Song, general manager of a lobster and crab import shop, said he considers American lobsters inferior in quality to those from Canada.
China is trying to step up pressure on Washington in a growing tariff war by suggesting US companies lobby American leaders.
Last year's imports from the United States totaled about $130 billion.
Beijing has stepped up efforts, so far without success, to recruit governments including Germany and France as allies.
Senior members of President Donald Trump's Republican party have condemned the spiralling trade row and called for face-to-face talks with Beijing.
Mr. Mnuchin, who has tried to avoid calling the trade tensions with China a "war", said talks with Beijing had "broken down" and suggested it was now up to China to come to the table with concessions.
China's global trade surplus in June narrowed by 10.9 percent to $41.6 percent.