BEIJING – China on Tuesday strongly reacted to US President Trump’s threat of imposing an additional 50% tariffs.
A spokesperson for China’s Ministry of Commerce responded to Trump’s warning, saying that if the US insisted on its stance, China would resolutely take countermeasures to protect its rights and interests and will fight till the end.
China labeled the US approach as blackmail and bullying, but at the same time reiterated its willingness to engage in dialogue, emphasizing that there are no winners in a trade war.
The spokesperson further urged the US to immediately correct its mistakes and revoke all unilateral tariff measures imposed against China.
President Trump recently announced extensive tariffs, in response to which China declared it would impose a 34% retaliatory tariff starting April 10.
Trump warned that if China continues to resist, further duties would be imposed by bringing the total tariffs to 104%.
Earlier, China responded to US President Donald Trump’s tariffs with 34percent levies starting April 10 amid an economic rift after recent shockwaves in parts of the world.
Several nations threatened hitting back United States as Trump’s sweeping tariffs could jolted economies and adding cost of goods in leading consumer market.
Amid condemnation, Beijing retaliated against United States, announcing a sweeping 34percent tariff on all US imports, in what is said to be a direct response to Trump’s decision to impose 34pc tariffs on Chinese goods.
China’s State Council Tariff Commission denounced Trump‘ move, calling it violation of international trade rules, accusing new government of undermining Beijng legitimate rights. Beiing made it clear that this was a measured response to the US aggressive stance, which has already included two rounds of 10% tariffs on Chinese goods imposed by US President.
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