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trade-063945463--finance.html
BEIJING/WASHINGTON (Reuters) - China warned on Friday it was fully prepared
to respond with a "fierce counter strike" of fresh trade measures if the
United States follows through on President Donald Trump's threat to slap
tariffs on an additional $100 billion in Chinese goods.
In light of China's "unfair retaliation" against earlier U.S. trade actions,
Trump upped the ante on Thursday by ordering U.S. officials to identify
extra tariffs, escalating a high stakes tit-for-tat confrontation with
potentially damaging consequences for the world's two biggest economies.
China's Commerce Ministry spokesman, Gao Feng, called the U.S. action "
extremely mistaken" and unjustified, adding that the spat was a struggle
between unilateralism and multilateralism. He also said no negotiations were
likely in the current circumstances.
"The result of this behavior is to smash your own foot with a stone," Gao
told a news briefing in Beijing. "If the United States announces an
additional $100 billion list of tariffs, China has already fully prepared,
and will not hesitate to immediately make, a fierce counter strike". |
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