You are here: Home » International » News » Economy
Business Standard

US opening fire with tariff threats, but we won't fire first shot: China

China's Commerce Ministry spokesman Gao Feng warned that proposed US tariffs would hit international supply chains

Reuters  |  Beijing 

The United States is "opening fire" on the world with its threatened tariffs, China warned on Thursday, saying it will respond the instant US measures go into effect as the two countries locked horns in a bitter trade dispute. The Trump administration's tariffs on $34 billion of Chinese imports are due to go into effect at 0401 GMT on Friday, which is just after midday in Beijing. US President Donald Trump has threatened to escalate the trade conflict with tariffs on as much as $450 billion worth of Chinese goods if China retaliates, with the row roiling financial ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, July 05 2018. 12:15 IST
RECOMMENDED FOR YOU