In response to President Donald Trump’s warning of an extra 50% tax on Chinese goods, China pledged to take actions against the US “to safeguard its own rights and interests” on Tuesday.
According to a Commerce Ministry statement, the United States’ imposition of “so-called ‘reciprocal tariffs’” on China is “completely groundless and a typical unilateral bullying practice.”
China has imposed retaliatory duties, and the government warned that more may follow.
“The countermeasures China has taken are aimed at safeguarding its sovereignty, security and development interests, and maintaining the normal international trade order. They are completely legitimate,” the ministry said. “The U.S. threat to escalate tariffs on China is a mistake on top of a mistake and once again exposes the blackmailing nature of the US. China will never accept this. If the US insists on its own way, China will fight to the end.”
Trump threatened China with further tariffs on Monday, prompting new fears that his efforts to rebalance the global economy will exacerbate a financially damaging trade war. Stock markets from Tokyo to New York have gotten increasingly volatile as the trade battle deepens.
Content retrieved from: https://www.firstpost.com/world/china-says-wont-bow-to-tariff-pressure-day-after-trump-threatens-more-coercive-levies-13878080.html.
