China threatens to hit back as Trump seeks additional tariffs on $100 billion of Chinese goods

Moves escalate a growing trade conflict between the world’s two largest economies. U.S. stocks fall after the two nations trade barbs.

President Trump ordered his chief trade negotiator to consider imposing tariffs on an additional $100 billion of Chinese products Thursday, in a dramatic escalation of his trade war with China.

In the latest barb, China’s commerce ministry said that “China has very detailed countermeasures” and will “fight at any cost” to defend its economic interests, drawing the world’s two largest economies into a deeper confrontation.

Trump’s announcement would impose tariffs on a significant share of imported Chinese goods that enter the United States — $505.6 billion last year.

Source: China threatens to hit back as Trump seeks additional tariffs on $100 billion of Chinese goods

This idiot has picked the dumbest way of doing this.  Again doing what PUTIN WANTS!

Share Button

Post Tags:

Your email address will not be published. Required fields are marked *

*
*

twenty − four =