China vows to retaliate if Trump imposes new tariffs
News & Trends •
the u.s. and china have already imposed tariffs on 50 billion dollars worth of goods each1 dpanan china has promised to retaliate if united states u.s. president donald trump goes ahead and slaps tariffs on 200 billion dollars worth of chinese imports1 the escalation of trade disputes does not meet the interests of either party spokesman geng shuang said adding that the chinese government had proposed solving the trade tensions through negotiations1 shuang was commenting on a wall street journal report that trump has already decided to raise 10 per cent tariffs on 200 billion dollars worth of chinese imports1 the official announcement of the tariffs could come as early as this week1 beijing will have to take necessary counter-measures a chinese foreign ministry spokesman said on monday1 if trump goes ahead with the new round of duties about half of all of chinas imports to the u.s. will end up being affected1 meanwhile chinas stock market has dropped to the lowest level since 20141 the shanghai composite index dropped 1.1 per cent on monday after weeks of steady losses1 trump said on thursday he was under no pressure to make a deal with china1 our markets are surging theirs are collapsing he tweeted1