China Vows Retaliation If Trump Escalates Tariff Battle
Source: Talking Points Memo/AP
By JOE McDONALD
September 10, 2018 10:19 am
BEIJING (AP) — China on Monday promised retaliation if U.S. President Donald Trump escalates their tariff battle, raising the risk Beijing might target operations of American companies as it runs out of imports for penalties.
The threat came after Trump said Friday he was considering extending penalties to an additional $267 billion of Chinese products in their battle over Beijing’s technology policy. That would be on top of $50 billion of goods already hit by 25 percent duties and another $200 billion on which Washington is poised to raise tariffs.
“If the United States insists on imposing another round of tariffs on Chinese products, China will definitely take countermeasures to safeguard its legitimate rights and interests,” foreign ministry spokesman Geng Shuang said.
Geng gave no details, but the government said in June it would impose unspecified “comprehensive measures” if necessary. That left American companies on edge about whether Beijing might use its control over the heavily regulated economy to disrupt their operations by withholding licenses or launching tax, anti-monopoly or other investigations.
Read more: https://talkingpointsmemo.com/world-news/china-retaliation-trump-tariffs
= new reply since forum marked as read
