China on Thursday directly contradicted President Donald Trump’s claims that Beijing and Washington are actively discussing resolutions to a trade war that threatens to upend the global economy.

While Trump said Wednesday that the world’s two largest economies are “actively” talking, a Chinese foreign ministry spokesperson responded that “China and the U.S. have not engaged in any consultations or negotiations regarding tariffs, let alone reached an agreement.”

The spokesperson, Guo Jiakun, made the comments at a briefing in Beijing, saying that reports of ongoing talks were false. He added that while China is open to negotiations, “if it’s a fight, we will fight to the end.”

At 145%, Trump’s tariffs are higher on China than any other country. As he ratcheted up tariffs on Chinese goods in recent weeks, citing unfair trade practices, Beijing has responded in kind, bringing its total tariff on U.S. goods to 125% — levels that amount to a mutual trade embargo.

Read the full story here.