By BBC. China said it is “shocked” after the US announced plans for fresh tariffs, escalating a trade war between the two countries.
The US listed $200bn (£150bn) worth of additional products it intends to place tariffs on as soon as September.
The move comes just days after the two countries imposed tit-for-tat tariffs of $34bn on each other’s goods.
Beijing described Washington’s latest threat as “totally unacceptable,” saying it would harm the world.
“The behaviour of the US is hurting China, hurting the world and hurting itself,” a spokesperson for China’s commerce ministry said in a statement. (Read more from “China ‘Shocked’ by U.S. Actions in Trade Dispute” HERE)
Markets Rattled as Trump Escalates China Trade War With Tariffs on $200bn of Imports
By The Guardian. . .Overnight, Donald Trump began the process of slapping 10% tariffs on a further $200bn of imports from China, on top of the $34bn (soon to be $50bn) imposed last week.
The move is a significant escalation of the trade war between Washington and Beijing, further raising the dangers of a major economic shock.
US trade representative Robert Lighthizer announced that the US was acting because China had not heeded previous warnings.
For more than a year, the Trump administration has patiently urged China to stop its unfair practices, open its market, and engage in true market competition.
We have been very clear and detailed regarding the specific changes China should undertake. Unfortunately, China has not changed its behaviour — behaviour that puts the future of the US economy at risk.”
(Read more from “Markets Rattled as Trump Escalates China Trade War With Tariffs on $200bn of Imports” HERE)