Friday August 2, 2019 05:14 AM China threatens retaliation if Trump tariff hikes go ahead, accuses American president of violating agreement to revive negotiations aimed at ending trade battle Written by By JOE McDONALD, AP Business Writer BEIJING (AP) — China on Friday threatened retaliation if U.S. President Donald Trump’s planned tariff hikes go ahead, while the renewed acrimony between the two biggest global economies sent stock markets tumbling. China’s government accused Trump of violating his June agreement with President Xi Jinping to revive negotiations aimed at ending a costly fight over Beijing’s trade surplus and technology ambitions. Trump rattled financial markets with Thursday’s surprise announcement of 10% tariffs on $300 billion of Chinese imports, effective Sept. 1. That would extend punitive duties to everything the United States buys from China. If that goes ahead, “China will have to take necessary countermeasures to resolutely defend its core interests,” said a foreign ministry spokeswoman, Hua Chuying. “We don’t want to fight, but we aren’t afraid to,” Hua said at a regular news briefing. She called on Washington to “abandon its illusions, correct mistakes, and return to consultations based on equality and mutual respect.” Washington and Beijing are locked in a battle… Read full this story
- Trump's tariff hike on $200 billion of Chinese goods takes effect
- Donald Trump delays tariff hike on Chinese goods, sending stock markets soaring
- Trump trade war: China vows retaliation if tariffs bite
- Trump's tariffs cost U.S. companies $46 billion to date, data shows
- How Trump Thinks Tariffs Work (And How They Actually Work)
- France warns US it will hit back with the full support of the EU if Donald Trump imposes tariffs on French products in response to country's digital tax plans
- Chinese Markets Unfazed by US Tariff Hike Amid Trump's Threats on Trade
- Jack Daniels Say It’s About To Hike Prices Because Of Trump’s Tariffs
- Community and Unite unions fear Donald Trump steel tariff
- US likely to sign trade deal with China on January 15: Donald Trump
China threatens retaliation for Trump's planned tariff hike have 324 words, post on www.readingeagle.com at August 2, 2019. This is cached page on X-Buy. If you want remove this page, please contact us.