WASHINGTON — China vowed on Friday to fight the U.S. “at any cost” after President Trump proposed slapping an additional $100 billion in tariffs on Chinese goods in an escalating trade dispute between the world’s two largest economies.
Mr. Trump’s surprise move Thursday to instruct the U.S. trade representative to consider the additional tariffs came a day after Beijing announced plans to tax $50 billion in American products, including soybeans and small aircraft, in response to a U.S. move this week to slap tariffs on $50 billion in Chinese imports.
In Beijing, the Commerce Ministry said China doesn’t want a trade war – but isn’t afraid to fight one.
“China will dedicate itself to the end and at any cost and will definitely fight back firmly” if the U.S. persists in its “protectionism,” the ministry said in a statement.
Continue reading: China vows to fight U.S. ‘at any cost’ as trade tensions worsen
Further reading:
GOP senator on tariff threat: Hopefully Trump is blowing off steam because ‘this is nuts’
Well, tRump says trade wars are easy to win, so who’s worried, eh? Lord, but do I HATE this guy!
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Lots of Trump supporters in my neck of the woods, but even they are getting fed-up with his antics. It’s bizarre, they voted for him but don’t like him as a person.
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Too bad they voted for him but WE all have to deal with him. Ugh!
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Ugh, is right!
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So far as I can see, the only winners in Trump’s burgeoning trade war with China, are Canada and Mexico. Prior to that, there was nothing but gloom and doom and insults by Trump in Canada’s direction during NAFTA negotiations. Hold the Presses!!!! Breaking News!!!! We’re almost ready to sign a new NAFTA deal!!! Holy Trumpsters! Nice post, Bob.
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Holy Trumpsters, indeed! 🙂
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I’ve never read Trump’s “Art of the Deal,” but, judging from his current approach to negotiating trade deals, he starts the ball rolling by putting a gun to the head of our trading partners. China is ready to play his game.
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That’s scary.
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China knows exactly what he’s doing, and they also know to simply call his bluff. Trump has an election in 6 months. Xi is president for life.
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It’s more than a bluff, John. Remember, China is not the only trading partner facing threats of import tariffs. So is Brazil. He’s using the threat as a bargaining tool.
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Match his threats and wait for him to fold 🙂
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…and Brazil stands poised, just waiting for that soy order…
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Like Jeff said, Trump is an idjit!
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Maybe tRump still thinks it is the Apprentice
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He can’t discern the difference.
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That’s been my feeling
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Reblogged this on The Extinction Chronicles.
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