China announced retaliation against the US 3
In a recently released announcement, China’s Ministry of Commerce said it had no other choice but to retaliate against the latest round of US import tariffs, to protect rights and interests in a free trade environment.
`We hope the US will realize the potential consequences of these moves and take timely corrective measures,` the announcement said.
This morning, the US announced a 10% import tax on 200 billion USD of Chinese goods.
US President – Donald Trump and Chinese President – Xi Jinping.
At a press conference this afternoon, Chinese Foreign Ministry spokesman Geng Shuang also said they were forced to do this to protect legal rights.
Geng said China will not accept unilateral actions and trade protectionism by the US.
US officials have recently tried to restore negotiations between the two countries to ease tensions.
For its part, China’s Ministry of Foreign Affairs said the country is ready to retaliate against US tariffs.
Information from the Chinese Ministry of Commerce was announced when the country’s market had just closed.
According to this morning’s announcement on the website of the Chinese Ministry of Commerce, the country’s Minister of Commerce – Zhongshan confirmed to representatives of 6 foreign companies that the US’s unilateral and protectionist actions will cause not only the two countries, but
He said that no one wins in a trade war and cooperation is the only option.
At an event in Tianjin (China) today, Vice Chairman of the China Securities Commission – Fang Xinghai also said that the country has prepared for the worst scenario.
He expected the two countries to sit down and negotiate and that trade relations would be good in the long term.
