Moneymoney

Wed Jul 11, 2018, 08:31 PM

Totally unacceptable: Beijing vows retaliation if US taxes $200bn of Chinese goods

Published time: 11 Jul, 2018 04:48
Edited time: 11 Jul, 2018 05:55

The Chinese commerce ministry has slammed the US plan to impose tariffs on additional imports worth some $200 billion as totally unacceptable, promising a mirror response to defend its national interests.

“The Chinese side is shocked by the actions of the US,” a statement on the ministry’s website declared. “In order to safeguard the core interests of the country and the fundamental interests of the people, the Chinese government will, as always, have to make the necessary counter-measures.”

Calling Washington’s behavior irrational, Beijing warned that the US is, in the first instance, hurting itself with protectionist measures and constant attacks on free trade. “At the same time, we call on the international community to work together to safeguard the rules of free trade and the multilateral trading system and jointly oppose trade hegemony,” it added.

READ MORE: US releases $200bn list of Chinese products for possible new tariffs

On Tuesday, the Trump administration unveiled a list of Chinese exports worth $200 billion that it plans to slap with 10-percent tariffs. The measure would be another step in what Beijing called “the largest trade war in economic history,” as Washington implemented 25-percent tariffs on $34 billion of Chinese imports on July 6. China issued retaliatory measures on the same value of US imports, and vowed to respond proportionally to any further US tariffs.

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https://www.rt.com/business/432619-china-us-tariffs-unacceptable/

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Reply Totally unacceptable: Beijing vows retaliation if US taxes $200bn of Chinese goods (Original post)
RCW2014 Jul 11 OP
House of Roberts Jul 11 #1
RCW2014 Jul 11 #2

Response to RCW2014 (Original post)

Wed Jul 11, 2018, 10:12 PM

1. So THIS is China,

'going out like a bitch' (whatever the fuck that means).

Looks like the red States will eat more dicks every time Dotard fucks up.

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Response to House of Roberts (Reply #1)

Wed Jul 11, 2018, 10:16 PM

2. Donny "2-scoops" fucked up by starting the trade war before the November elections, imo.

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