China Hits Back - Imposes 15-25% Tariffs on US Imports
"It harms normal economic and trade cooperation between china and the US, in addition to being ineffective in resolving its own issues," the statement continued. The ap article also stated that President donald trump intended to speak with Chinese President Xi jinping in the coming days, but the 10% tariff he imposed on china was scheduled to take effect on Tuesday.
Beijing has emphadata-sized that there is "no winner in a trade war" and stated that it "may be forced to take countermeasures" in response to Trump's tariffs.
China's Permanent Representative to the UN, Ambassador Fu Cong, was reported by PTI as saying, "We are firmly opposed to this unwarranted increase and we do believe that this is in violation of the WTO (World Trade Organization) rules."
The white house declared on saturday that trump will impose an additional 10% tax on Chinese goods and a 25% additional tariff on imports from canada and Mexico.
"President trump is taking bold action to hold Mexico, canada, and china accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country," the white house had stated.
"Frankly speaking, I don't think that raising tariffs is beneficial to the US itself," Fu stated.