07:34 GMT +318 October 2018
Listen Live
    FILE - In this Nov. 9, 2017 file photo, an American flag is flown next to the Chinese national emblem during a welcome ceremony for visiting U.S. President Donald Trump outside the Great Hall of the People in Beijing

    More 'Bullets' for China: Trump Threatens Beijing With New Retaliatory Measures

    © AP Photo / Andy Wong
    Business
    Get short URL
    9736

    Speaking during yet another rally, this time in Missouri, the US president warned about the spiraling tariff war with China and questioned whether the latter dared to challenge the US with retaliatory measures in response to the latest US tariffs affecting $200 billion of Chinese goods.

    Donald Trump, who had come to Springfield, Missouri, to advocate for  Josh Hawley, a Republican candidate at the upcoming elections, promised “to come back” with “a lot more” to China, if it retaliates against US tariffs targeting $200 billion of Chinese goods.

    “We are cracking down on the unfair trade practices of China. … We have rebuilt China. We have given them such wealth. And we are changing it. So we charged 25 percent on $50 billion worth of merchandise tariffs coming in. And then they said, ‘We're going to do the same thing.’ And I've said: ‘That is okay. We have far more bullets,’ he told a cheering crowd, as he discussed different points on the country’s agenda.

    This threat came shortly after China added tariffs on $60 billion of the US products as a countermeasure for the US implied 10% tariffs on $200 billion of Chinese goods starting from September, 24. On January 1, 2019, the tariffs are expected to grow up to 25%.

    This speech got mixed reactions on social media, as some feared there’d be negative consequences of the ongoing showdown.

    ​Others stood for Trump, defending his vision.

    ​At the same time, on September 22, it became known that China had pulled out of high-ranking talks on tariffs, according to The Wall Street Journal. Beijing has cancelled two delegation set to meet US officials in Washington, one of which was to be headed by vice-premier Liu He. Next week they are expected to continue negotiating the tariff war with US representatives.

    READ MORE: China Concerned US Could Pull Out of WTO Deal Cutting Tariffs on Tech Goods

    Chinese-US trade tensions escalated in March after US President Donald Trump announced import tariffs on steel and aluminum. Since then, Washington and Beijing have imposed several rounds of tit-for-tat tariffs, with bilateral trade consultations so far failing to halt the mounting trade war.

    The International Monetary Fund (IMF) has predicted that further escalations of the trade spat between the United States and China will have negative consequences for both countries, as well as the global economy.

    Related:

    China Quits Trade Talks With US Amid Tariff Threats Escalation - Reports
    Europe Blackmails China as Beijing Battles US Trade Restrictions, Analysts Say
    WTO to Look at China Bid to Target $7Bln Worth of US Imports – Source
    China Says It Won't Turn Its Currency Into Tool for Trade War With US
    US-China Trade War Could Last 20 Years - Alibaba Founder
    Tags:
    US import tariffs, retaliatory measures, Chinese goods, tariffs, trade war, US-China trade war, Donald Trump, China, United States, Missouri
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment