China on Tuesday vowed to retaliate against the United States if President Donald Trump goes ahead with his threat to impose fresh 50 per cent tariffs on Chinese imports.
Reacting to Trump’s new threat, China hinted of imposing more retaliatory tariffs on American products. Beijing said that it will take countermeasures against US “to safeguard its own rights and interests.”
The commerce ministry said that the US’s “so-called ‘reciprocal tariffs'” on China are “completely groundless and is a typical unilateral bullying practice.”
“The countermeasures China has taken are aimed at safeguarding its sovereignty, security and development interests, and maintaining the normal international trade order. They are completely legitimate,” the ministry said.
“The US threat to escalate tariffs on China is a mistake on top of a mistake and once again exposes the blackmailing nature of the US. China will never accept this. If the US insists on its own way, China will fight to the end,” the ministry added.
Last week, the US president announced sweeping tariffs on different nations that have sparked a trade war and raised fears of an international recession. Along with countries like China, Trump faced criticism from within his own Republican part after his announcement.
In a tit-for-tat move, China has announced its own 34 per cent duties on American goods, which will come into effect on Thursday.
Despite the tough rhetoric, Beijing reiterated that it remains open to dialogue, saying, “There are no winners in a trade war.”
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