On Tuesday, China has said that it has not got any choice, but it will then retaliate against the new US trade tariffs. It risks even after the stronger action from President Donald Trump in an escalation which is for the trade war that is going on between the world’s largest economic countries.
The statement that comes from Beijing came after some hours when Trump has imposed about 10 percent tariffs on about $200 billion worth of imports from China. Trump also threatens to impose a duty of about $267 billion more if China responded to the latest US action. According to commerce ministry, he said in a statement that to protect the legitimate right as well as interests, the order in international free trade is a to be left with no choice, but it will retaliate simultaneously. In this statement, China has not specified anything about the action.
It has been that the United States has been in insists mode on increasing the tariffs which will bring some new uncertainties to the bilateral trade negotiations. China now hopes that the United States will then recognize about the negative consequences of the actions which will be taking the convincing steps to correct the behavior in the right time off before it goes too late.
In a statement which was issued by the Trump, he said in that is he has warned China on Monday. He said that if China takes some retaliatory action against the US farmers or even the industries, then the US will immediately pursue the phase three which is for the additional $267 billion of additional imports. During the last month, China has unveiled a list of tariffs on $60 billion of US goods which include liquefied natural gas to some aircraft.