China promises to fight back in escalating trade war

By Laura Italiano – August 25, 2019

because of the hardship higher tariffs will impose on its farmers and businesses, the paper said.

Beijing’s latest saber-rattling follows Trump’s “order” that US companies find “alternative to China” for doing business, and his announcement Washington will levy additional tariffs on $550 billion in Chinese goods.

China, in turn, has promised to impose new tariffs on $75 billion in US goods.

Trump is at the G-7 Summit in France, where Britain’s new Prime Minister, Boris Johnson, says he’ll ask the president to ease up on the trade war before it causes a global recession.

“Clearly the state of global trade, I’m very worried about the way it’s going. The growth of protectionism, of tariffs, that we’re seeing,” Johnson said, according to CNN.

“There are all sorts of people, who will take any excuse at all to interfere with free trade and to frustrate trade deals, and I don’t want to see that.”

Questioned if he would ask Trump directly not to escalate the trade war, Johnson told reporters, “You bet.”

One thought on “China promises to fight back in escalating trade war

  • August 11, 2020 at 10:21 pm
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    Reply

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