Beijing warns of counter measures
September 18, 2018
Responding to Donald Trump’s additional tariffs, China has warned it would have no choice but to take ‘synchronised counter measures’.
In the latest twist to the on-going trade conflict between the two global superpowers, the Chinese Ministry of Commerce made the announcement of possible counter measures this week, following the tariffs placed on $200 billion (€171.1 billion) worth of goods by President Trump.
As the South China Morning Post reports, the Ministry also stated that Trump’s tariffs had triggered “new uncertainties” which could be a point of contention in future talks between the two nations.
Trump announced the additional 10 percent tariffs on Monday, “significantly widening the scope of a trade war.” These tariffs will further increase to 25 percent from 1 January 2019.
Trump went on to say that if China retaliated with its own tariffs, the US would respond with further tariffs on $267 billion (€228.4 billion) worth of products which would cover “almost all Chinese exports to the US.”
Categories : City News
