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"China is facilitating global trade through the Belt and Road Initiative. What we have seen in the trade frictions between China and the US is a negative side where people say global trade causes problems. You need certain rules to the game so that both sides of trade feel they benefit," he said.

"China is very serious, and we are very serious," Trump said, adding that the tariffs announced "will continue unless we make a trade deal".

"Chile was the first Latin country to sign a free trade agreement with China. It's also the first Latin country to upgrade its free trade agreement with China this year, with 98 percent products listed as tariff-free.

"China Daily Hong Kong Edition was founded to cater to the city's huge community of English-speaking readers — to bring them news, views and in-depth research-based features from across China and beyond.

"But this does not mean we will close our doors. It does not mean we will have a closed internal loop. Actually, we will open up even wider in the process," he said. "We will open our door even wider because our real aim is to give full play to the potential of the domestic market, to make the domestic market function more effectively and much better, so that the two cycles could really reinforce each other."