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PHOTO: The containers are seen in Yantian Harbor in Shenzhen, Guangdong Province, China on July 4, 2019. Photo taken on July 4, 2019. REUTERS / Stringer
BEIJING (Reuters) – China will oppose the latest move by the United States to raise tariffs on Chinese products, the People's Daily's Sunday said amidst the latest news. a growing trade war between the two largest economies in the world.
"China is confident that it will follow its own path and do its own things, and will never refuse to thwart any provocations by the United States," the paper said in a comment.
US politicians, who seek to impede China's economic development, still want to use the tactic of exerting maximum pressure on China, which has achieved little results, the paper said.
The United States will not win the trade war because of the plight of their farmers and their businesses, he said.
China said on Saturday that it strongly opposed Washington's decision to levy additional tariffs on Chinese goods worth $ 550 billion and warned the United States consequences if they did not put an end to their "erroneous actions".
US President Donald Trump announced Friday that Washington would impose additional tariffs of 5% on Chinese products, a few hours after Beijing announced its latest retaliatory tariffs worth about $ 75 billion worth of products. during the last bilateral movements of their bilateral trade. contestation.
The intensification of the trade war between the United States and China fueled concerns over a global economic recession.
Reportage of Kevin Yao; Edited by Paul Tait
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