04 Jul 2018 11:56 PM [19659006] BEIJING: China will not "pull absolutely" the first blow in a trade war with the United States and will not be the first to lift tariffs, announced Wednesday his Ministry of Finance. Earlier in the day, Reuters announced that Reuters' threatened tariffs on US $ 34 billion worth of US goods would come into effect early in the day. Given the time difference of 12 hours, it would have implemented before Washington. Other media have published similar reports
But the ministry issued a brief explanation in response.
"The position of the Chinese government has been repeatedly asserted: we will absolutely not pull the first blow Washington announced that it would apply tariffs on 34 billion US dollars. Chinese imports on July 6, and Beijing promised to fight back in kind on the same day Earlier Chinese Foreign Ministry spokesman Lu Kang said China was ready to act but did not confirm the date. Chinese tariffs start
"China has already made preparations" Lu: "As long as the United States will publish a tariff list, China will take the necessary measures to firmly protect its tariffs. legitimate interests, "he added, without giving further details.
abruptly against the dollar on Wednesday, a day after the central bank assured the markets that she would keep the currency steady in the middle growing concerns about commercial friction, although stocks have fallen.
Chinese state media maintained a drum The China Daily official newspaper said that the United States was deliberately trying to prevent China from developing to prevent it from calling into question its role in the global economic order.
"The United States maintains military and financial hegemony fields for several decades, and now it continues the economic hegemony," the newspaper writes in an editorial.
"He has frequently waged wars against other sovereign countries and has used the dominant influence of the US dollar in international markets to stifle other countries … Now he is trying to resort to an economic and trade war to curb China's normal development. "
The mainstream newspaper The Global Times, published by People's Daily Communist Party, said the trade war
" Counterstrike is the first reaction of major economies to Washington's trade war, "he said in his editorial.
"It is difficult to predict where these movements will lead the world, but Washington will inevitably pay"
US President Donald Trump has threatened to escalate the trade dispute with tariffs of up to 400 billion US dollars in Chinese goods if Beijing retaliates against US tariffs to take effect on Friday.
Chinese currency and stock markets have been nervous about the implementation of Friday's tariffs
(Stella report Qiu and Ben Blanchard, edited by Clarence Fernandez) [19659029] (function (d, s, id) {Source link
