China’s commerce ministry has vowed to fight US tariffs “to the end” after Donald Trump threatened fresh levies of 50% on imports from the world’s second-largest economy.
“The US threat to escalate tariffs against China is a mistake on top of a mistake, which once again exposes the US’s blackmailing nature,” a ministry spokesperson said on Tuesday.
“China will never accept this,” AFP quoted them as saying.
If the US insists on going its own way, China will fight it to the end.
If the US escalates its tariff measures, China will resolutely take countermeasures to safeguard its own rights and interests.
Trump upended the world economy last week with sweeping tariffs that have raised fears of an international recession and triggered criticism even from within his own Republican Party.
As the trade war escalates, Beijing – Washington’s major economic rival – unveiled its own 34% duties on US goods to come into effect on Thursday.
China’s commerce ministry on Tuesday also reiterated that it sought “dialogue” with the US, and that there were “no winners in a trade war”.
Source: The Guardian
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