The US-China trade war escalates, as Beijing announced it would raise painful tariffs on $60 billion in US exports by next month, responding to President Donald Trump call for an increase on Chinese goods entering the US
The flags of China, US and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019.
The announcement came less than two hours after Trump warned Beijing not to retaliate after China said it “will never surrender to external pressure.” Beijing had vowed to respond to the latest US tariffs. “As for the details, please continue to pay attention. Copying a US expression – wait and see,” foreign ministry spokesman Geng Shuang told a daily news briefing on Monday.
Chinese state media kept up a steady drumbeat of strongly worded commentary on Monday, reiterating that China’s door to talks was always open, but vowing to defend the country’s interests and dignity.
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