China has announced that it will retaliate to increased tariffs imposed on Friday morning. Trade negotiations are continuing even as both sides escalate.
Minutes after the United States, authorities in Beijing announced that China would retaliate.
The increased tariffs apply to Chinese goods including furniture, telecommunications equipment, computer parts, clothing and car parts. “A healthy, stable development Sino-American relationship is aligned with both countries’ interests, and is the shared expectation of the international community,” said China’s Ministry of Foreign Affairs spokesperson Geng Shuang at a news conference Friday.
China’s negotiators reportedly submitted a draft trade agreement Friday night that excluded all previously discussed sections on amending Chinese laws to meet U.S. core demands such as intellectual property protection and access to financial services, according to Reuters. Instead of spelling out the laws in which China’s concessions must be enshrined, the deal could allow Chinese authorities to save face by giving the State Council space to implement trade concessions as it likes, Wang said.
“Don’t forget how our ancestors bled and fought the enemies to establish the new China. It must be so painful for them to see so many traitors kissing Americans’ asses,” another wrote.“Hopefully our ‘countermeasures’ will not be empty promises,” one user wrote.
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