China has just issued warnings to countries siding with the United State in the trade war, threatening to retaliate against countries that cooperate with the U.S. on Tariffs in ways that compromise Beijing’s interests.
This came from the Chinese Ministry of Commerce on Monday stating: “China firmly opposes any party reaching a deal at the expense of China’s interests. If this happens, China will not accept it and will resolutely take reciprocal countermeasures.
The Ministry was responding to an Exclusive report on ‘The Wall Street Journal’ that the Trump administration plans to use ongoing tariff negotiations to pressure U.S. trading partners to limit their dealings with China
President Donald Trump paused the sweeping tariffs he announced on dozens of countries on April 2 except those on China, singling out the world’s second largest economy for the biggest levies.
In a series of moves, Washington has raised tariffs on Chinese imports to 145%, prompting Beijing to slap retaliatory duties of 125% on U.S. goods, effectively erecting trade embargoes against each other. Last week, China signalled that its own across-the-board rates would not rise further.
The Chinese Ministry further added: “China respects all parties’ rights to resolve their economic and trade differences with the #US through consultations on an equal footing.
“All parties should stand on the side of fairness and justice, uphold historical correctness, and defend international economic and trade rules as well as the multilateral trading system.
“China is firmly opposed to any party striking a deal at the expense of the Chinese side. If such a situation arises, China will never accept it and will take countermeasures in a resolute and reciprocal manner.” It warned.
Leave a Reply