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China says will 'fight back firmly' if US publishes additional tariffs list
BEIJING (June 19): China will fight back firmly with "qualitative" and "quantitative" measures if the United States publishes an additional list of tariffs on Chinese goods, the commerce ministry said, accusing the US of initiating a trade war.
US President Donald Trump threatened on Monday to impose a 10% tariff on US$200 billion of Chinese goods, saying the move was in retaliation for China's decision to raise tariffs on US$50 billion in US goods.
"Such a practice of extreme pressure and blackmailing deviates from the consensus reached by both sides on multiple occasions, and is a disappointment for the international community," the ministry said in a statement on Tuesday.
"The United States has initiated a trade war and violated market regulations, and is harming the interests of not just the people of China and the US, but of the world," the ministry said.
If the United States publishes a new list of tariffs, Beijing will take strong countermeasures to safeguard the interests of China and its people, the ministry said. - Reuters
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ks55
For the first 150 billions USD export to US, China should retaliate with equal magnitude and promptly.
For the next 200 billions USD or more, China need not bother as theses exports mainly comprised of necessity to the US household and not elastic consumables. Any tariff will just pass to the end users without compromise on market demand.
Best retaliation from China is to ban all US company's involvement in finance, banking, insurance, service industry, and to restrict Chinese citizens from visiting US.
Wang Qishan need to go to US for non-productive 'negotiation' as there is no one can represent US government other than Donald Duck.......
2018-06-19 11:32