BEIJING: Beijing warned Friday it was prepared to impose new tariffs on $60 billion price of US goods if Washington united states of americathe ante within the escalating US-China business battle.
The trade ministry issued a observation saying the new duties could be implemented if Washington pulled the cause on President Donald Trump's risk to lift tariffs on $200 billion price of Chinese goods.
The Chinese response is certain to ratchet up tensions with the Trump management on the end of a week that noticed stock markets rattled via the intensifying business fight.
"China always believes that consultation on the basis of mutual respect, equality and mutual benefit is an effective way to resolve trade differences," the trade ministry said.
"Any unilateral threat or blackmail will only lead to intensification of conflicts and damage to the interests of all parties."
The observation said the date of implementation of the taxes depends upon the "actions of the US side" and China reserves the precise to apply "other countermeasures".
The risk came a day after Chinese officers appealed for dialogue according to "mutual respect", with Foreign Minister Wang Yi urging the United States on Thursday to remain "cool-headed".
The trade ministry risk came after Wang met with US Secretary of State Mike Pompeo at a meeting of the Association of Southeast Asian Nations (ASEAN) in Singapore on Friday.
Washington and Beijing are locked in fight over American accusations that China's export financial system benefits from unfair insurance policies and subsidies, as well as robbery of American technological expertise.
Trump has threatened to slap tariffs on just about all of China's exports to the United States within the tit-for-tat business battle.
The US already imposed 25 in keeping with cent tariffs on $34 billion in Chinese goods in early July, with any other $16 billion to be centered in coming weeks, drawing an in-kind retaliation from China.
Days later, Washington unveiled an inventory of any other $200 billion in Chinese goods, from areas as various as electric equipment, leather-based goods and seafood, that may be hit with 10 in keeping with cent import duties.
But Trump raised the stakes this week via asking the United States Trade Representative to imagine increasing the proposed tariffs at the $200 billion price of products to 25 in keeping with cent.
The Chinese trade ministry blamed the United States for escalating the location.
"China to take necessary countermeasures to defend the country's dignity and the interests of the people, defend free trade and the multilateral system, and defend the common interests of all countries in the world," the observation said.
The trade ministry issued a observation saying the new duties could be implemented if Washington pulled the cause on President Donald Trump's risk to lift tariffs on $200 billion price of Chinese goods.
The Chinese response is certain to ratchet up tensions with the Trump management on the end of a week that noticed stock markets rattled via the intensifying business fight.
"China always believes that consultation on the basis of mutual respect, equality and mutual benefit is an effective way to resolve trade differences," the trade ministry said.
"Any unilateral threat or blackmail will only lead to intensification of conflicts and damage to the interests of all parties."
The observation said the date of implementation of the taxes depends upon the "actions of the US side" and China reserves the precise to apply "other countermeasures".
The risk came a day after Chinese officers appealed for dialogue according to "mutual respect", with Foreign Minister Wang Yi urging the United States on Thursday to remain "cool-headed".
The trade ministry risk came after Wang met with US Secretary of State Mike Pompeo at a meeting of the Association of Southeast Asian Nations (ASEAN) in Singapore on Friday.
Washington and Beijing are locked in fight over American accusations that China's export financial system benefits from unfair insurance policies and subsidies, as well as robbery of American technological expertise.
Trump has threatened to slap tariffs on just about all of China's exports to the United States within the tit-for-tat business battle.
The US already imposed 25 in keeping with cent tariffs on $34 billion in Chinese goods in early July, with any other $16 billion to be centered in coming weeks, drawing an in-kind retaliation from China.
Days later, Washington unveiled an inventory of any other $200 billion in Chinese goods, from areas as various as electric equipment, leather-based goods and seafood, that may be hit with 10 in keeping with cent import duties.
But Trump raised the stakes this week via asking the United States Trade Representative to imagine increasing the proposed tariffs at the $200 billion price of products to 25 in keeping with cent.
The Chinese trade ministry blamed the United States for escalating the location.
"China to take necessary countermeasures to defend the country's dignity and the interests of the people, defend free trade and the multilateral system, and defend the common interests of all countries in the world," the observation said.
China threatens new tariffs on $60 billion worth of US goods
![China threatens new tariffs on $60 billion worth of US goods]()
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August 03, 2018
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