June 20, 2018

Review Category : People

Trump threatens almost all imports from China as Beijing fires back

Trump threatens almost all imports from China as Beijing fires backWASHINGTON/BEIJING (Reuters) - China has underestimated President Donald Trump's resolve to move forward with tariffs unless Beijing changes its "predatory" trade practices, a top U.S. trade advisor said on Tuesday, in comments that diminished the chances of a negotiated settlement to a looming trade war between the world's economic superpowers. The growing U.S. trade conflict with China hit financial markets hard, and Beijing vowed a firm response. It accused the United States of "extreme pressure and blackmailing" and vowed to retaliate after Trump on Monday threatened to slap a 10 percent tariff on $200 billion of Chinese goods in addition to the import duties previously announced on $50 billion in goods.


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