China's Ambassador to the US Cui Tiankai listens as US Ambassador to China Max Baucus takes notes while Chinese President Xi Jinping speaks at a US-China business roundtable in Seattle, US September 23, 2015.
"We are very worried. Such actions will really undermine people's confidence in the normal function of the market," Tiankai told Fox. Beijing followed suit three days later, saying it would raise tariffs on $60 billion in US exports starting on June 1.
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