China said on Saturday it strongly opposes Washington's decision to levy ad...
FILE PHOTO: Containers are seen at Yantian port in Shenzhen, Guangdong province, China July 4, 2019. REUTERS/Stringer
The comments made by China’s Ministry of Commerce came after the U.S. President Donald Trump announced on Friday that Washington will impose an additional 5% duty the Chinese goods, hours after Beijing announced its latest retaliatory tariffs on about $75 billion worth of U.S. goods, in the latest tit-for-tat moves in their bilateral trade dispute.
“China strongly urges the United States not to misjudge the situation or underestimate determination of the Chinese people,” it added. At the same time, Trump announced an increase in planned tariffs on the remaining $300 billion worth of Chinese goods to 15% from 10%. The United States will begin imposing those tariffs on some products starting Sept. 1, but tariffs on about half of those goods have been delayed until Dec. 15.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China warns U.S. to stop wrong trade actions or face consequencesChina said on Saturday it strongly opposes Washington's decision to levy ad...
Read more »
Navarro says China talks to continue, trade war won't slow U.S. economyWhite House trade adviser Peter Navarro said on Friday he does not believe the t...
Read more »
Trump hits China with new tariffs in trade war escalationPresident Trump lobbed Twitter attacks at China, U.S. companies and his handpicked Federal Reserve chief today as he further escalated his tariff war with the world’s No. 2 economy
Read more »
Escalation in U.S.-China trade war threatens global economy, poses Trump reelection riskAmerican cars, soybeans and oil largely produced in key swing states have been targeted for additional import tariffs by China, marking the latest volley in a widening trade war with the United States that has damaged the global economy.
Read more »
China unveils retaliatory tariffs on U.S. goods in deepening trade rowChina unveiled on Friday retaliatory tariffs against about $75 billion worth of ...
Read more »
California rare earths miner races to refine amid U.S.-China trade rowThe owner of the only U.S. rare earths mine is going on a hiring spree as it loo...
Read more »