China Says Will Not Bow As Trump Threatens New 50 Per Cent Tariff Threat
China said Monday it would not cave to pressure or threats after US President Donald Trump vowed additional 50 percent tariffs on its goods if Beijing did not retract planned countermeasures.
We have stressed more than once that pressuring or threatening China is not a right way to engage with us. China will firmly safeguard its legitimate rights and interests, Liu Pengyu, spokesman for Beijings embassy in the United States, told AFP.
Trump vows huge new China tariffs as markets nosediveUS President Donald Trump on Monday threatened fresh tariffs of 50 percent on China and ruled out any pause in his aggressive new global trade policy, despite a dramatic market sell-off.
Trump upended the world economy last week with sweeping tariffs that have raised fears of an international recession and triggered criticism even from within his own Republican Party.
As the trade war escalates, Beijing Washingtons major economic rival unveiled its own 34 percent duties on US goods to come into effect on Thursday.