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China has accused the United States of intimidation and warned that it was going to retaliate after the Trump administration raised the stakes of their trade dispute, threatening tariffs of 10. % on 200 billion dollars of Chinese goods. "and would complain to the World Trade Organization, but did not immediately say how he would retaliate."
In a statement, he called American actions "completely unacceptable. "
The Department of Foreign Affairs described Washington's threats as" typical bullying. "" This is a struggle between unilateralism and multilateralism, protectionism and the free-market. exchange, force and rules, "said Hua Chunying, spokesman for the Foreign Ministry, during a press briefing
.] Beijing said it would retaliate with the government. escalating Washington's tariff measures, including through "qualitative measures."
This is a threat that US companies fear in China om enhanced inspections at delays in investment approvals and even boycotts of consumers.
China could also limit visits to the US by Chinese tourists, according to a US $ 115 billion state media, or lose some of its holdings in the US Treasury, According to badysts,
exceeds the total value of goods that China imports from the United States, which means that Beijing may need to find creative ways of reacting to such American measures
This list includes hundreds of food products as well as tobacco, chemicals, coal, steel, and aluminum, which has been criticized by some US industrial groups
. wooden products, handbags and suitcases, dog and cat food, baseball gloves, carpets, doors, bicycles, skis, golf bags, toilet paper and beauty products.
"For more than a year, the Trump administration has been urging China to stop unfair practices, open its market and engage in real competition," said Robert Lighthizer. , US Trade Representative, when announcing rates. "Rather than responding to our legitimate concerns, China has started to retaliate against US products," it said in a statement.
Last week, Washington imposed 25% duties on $ 34 billion Chinese imports and Beijing reacted immediately by applying equivalent tariffs on the same amount of US exports to China.
Each party plans tariffs on $ 16 billion of additional goods that would carry the total to $ 50 billion
. US President Donald Trump has stated that he could impose tariffs on more than $ 500 billion Chinese products – about the total amount of US imports from China last year
The new list published yesterday aims for many more consumer goods than those covered by ar the tariffs imposed last week, directly threatening consumers and retailers and increasing the stakes for lawmakers of the Republican party of Mr. Trump. Elections in November
This list is subject to a two-month public comment period before coming into force
. Some US business groups and legislators of the Trump Republican Party have criticized rising tariffs. President Orrin Hatch said the announcement "seems reckless and is not a targeted approach".
The US Chamber of Commerce supported Trump's domestic tax cuts and efforts to reduce corporate regulation, but does not support Trump's aggressive pricing policies. ] "Rates are taxes, simple and imposing taxes on another $ 200 billion worth of products will raise the costs of all products of the day for American families, farmers, ranchers, workers and creators d & # 39; employment. A House spokeswoman said:
President Trump has followed up on promises he made during his presidential campaign to crack down on China, which he accuses of unfair trade practices, including unfair trading practices. the theft of intellectual property and the forced transfer of technology led to a $ 375 billion trade deficit with China.
Chinese exports have multiplied since joining the World Trade Organization in 2001. The dispute with Washington has intensified, Beijing has called on other countries to support global free trade and advocated for the liberalization of the world economy.
During a visit to Germany this week of Chinese Premier Li Keqiang, countries signed trade agreements worth "China ranks on the side of the international community on the bright side of history to jointly protect the rules of the multilateral trade order, "said the spokesman of the Foreign Ministry, Hua
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