The EU does not want a trade war with Beijing but five years of talks have yielded no real progress, the bloc's ambassador to China said on Saturday, adding that concern was growing over Chinese market access for European medical devices.

Donald Trump says foreign nations will pay the costs of tariffs he imposes, but usually it's U.S. consumers who pick up the tab.

While campaigning, Trump threatened to impose heavier tariffs and pressure Beijing. The incoming president previously said he would increase tariffs on China as high as 60 to 100 percent, which would devastate the country’s economic growth and stress global supply chains.