Trump has threatened China with an additional rate of 50 % (that is, a total rate of 104 %) if Beijing does not have previously withdraws his reprisals in American assets.
Chinese authorities pronounced their “strong conviction” on Tuesday to the “Chantajista Nature” of the United States, whose president, Donald Trump, threatened to impose an extra 50 % rate on Monday to China (that is, one Total 104 % rate) If Beijing does not withdraw before Tuesday, the taxes will be imposed on American products as a retribution for the Republican tariff plan.
The Asian giant will have a 34 % burden from 9 April, in addition to 20 % that has been applied since the beginning of the year. If Trump continues with the extra rate of 50 % rates for China, 104 % will be.
The Chinese Ministry of Trade said in a statement that the countermeasures last Friday by the Asian giant, which contains a 34 % burden on all American imports, are “completely legitimate” and “want to protect their sovereignty, their safety and their developmental interests and retain a normal international commercial order”.
“If the United States is still clear to continue on this path, China will fight to the end,” he warned the commercial portfolio.
According to the Ministry, the actions of the United States are “Foundation and form a typical practice of unilateral intimidation.”
The portfolio has repeated that “there are no winners in a commercial war or exit to protectionism” and that “pressure and threats are not the right way to deal with China.”
“China urges the United States to immediately correct its incorrect practices, to cancel all unilateral tariff measures, to stop the economic and commercial suppression of China and to resolve the differences in the correct way through an equal dialogue,” the state agency said in the statement.
Chinese authorities have warned that “they will take measures to protect their rights and interests.”
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
