Wednesday, July 11, 2018

China says will hit back after US proposes fresh tariffs on $200 billion on goods

China says will hit back after US proposes fresh tariffs
China has accused the US of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10% tariffs on $200 billion of Chinese goods.


China's commerce ministry said it was "shocked" and would complain to the World Trade Organisation, but did not immediately say how it would retaliate.

In a statement, it called the US actions "completely unacceptable".

The foreign ministry described Washington's threats as "typical bullying" and said China needed to counter-attack to protect its interests.

"This is a fight between unilateralism and multilateralism, protectionism and free trade, might and rules," foreign ministry spokeswoman Hua Chunying told a regular briefing today.

Beijing has said it would hit back against Washington's escalating tariff measures, including through "qualitative measures".

This is a threat that US businesses in China fear could mean anything from stepped-up inspections to delays in investment approvals and even consumer boycotts.
  (rte)
 11/7/18
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China 'shocked' by US actions in trade dispute

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