China Clears its stance on Trade War: Here is the reaction

August 5, 2018 | By Admin | Filed in: Business, Tech.

China has protected its choice to target an extra $50 billion worth of US goods with tariffs and accused US of “blackmail” as the trade war between the world’s two biggest economies shows no signs of decelerating.

Beijing recently exposed more than 5,200 American-made products would be hit with new charges in response to a threat by Donald Trump’s administration to impose supplementary duties on $200 billion of Chinese goods.
China has now proposed tariffs on $110 billion of US goods. Last year, China imported some $130 billion in goods from the United States. Beijing has asserted its actions are “normal” and advised the US its tactics would not work. The latest charges come as the trade war continues to intensify and Mr Trump efforts to force Xi Jining to change its policies.
But commentaries in Chinese state TV asserted Beijing is not willing to give up.
In the meantime, Chinese state TV said: “The White House’s dangerous pressure and intimidation are already clear to the world: “Such methods of dangerous intimidation will not bear fruit against China.”


#China, #US, #TradeWar, #Trump, #XiJining

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