Move comes after White House imposed tariffs on $50 billion of Chinese goods
"A slowing China will add to the challenges for the global economy," said Louis Kuijs, chief Asia economist at Oxford Economics in Hong Kong
Under the 1974 trade law that Trump invoked to pursue a tariff investigation into China's intellectual property practices, he could delay the activation by 30 days
US announced another trade action on Chinese goods amid complaints the country is stealing US technology
Trump's main concern is cutting his nation's massive trade deficit with China. The more than $2 billion expansion of the deficit in May from April won't improve that situation.
While details are still being finalised, both countries worked to implement the consensus reached from earlier trade talks in Washington
The spokesperson urged all countries to oppose the US measures and uphold an "open and transparent" international trade system with the World Trade Organisation at its centre
The US said that it still held the threat of imposing tariffs on $50 billion of imports from China unless it addressed the issue of theft of American intellectual property
US President Donald Trump's claims that China steals American ideas
China's government praised the cooling of trade tensions with the United States, saying agreement was in both nations' interests
It's also not clear how long any truce will last. Trump has often switched his position on trade issues
China agreed to 'meaningful increases in US agriculture and energy exports,' the White House said
Trump on Sunday ordered the Commerce Dept to get ZTE back into business, weeks after it cut the company off from US suppliers as punishment for "egregious" violations of sanctions against Iran
A Chinese foreign ministry official and posts on Chinese state social media accounts had on Friday disputed reports that Chinese officials had offered a $200-billion reduction in its trade surplus
Kudlow confirmed the trade surplus offer but declined to detail it
Gladstone Land Corp and Farmland Partners may fall vulnerable to the effects of a trade war
A trade spat between the top two economies of the world began last month
Won't negotiate changes to Chinese economic system: US trade chief
A more important source of conflict: China's desire to someday establish the yuan as a global reserve currency, on a par with the dollar
Given the technology and strategic leadership contest between US and China, it is likely that trade confrontation of the two countries may continue