China is taking and will continue to take decisive measures to protect the interests of its security and its growth, the Chinese Foreign Ministry announced today, citing the Chinese government’s stance against the imposition of US duties. The US should “stop using duties as a weapon of oppression of China’s economy and trade, but also stop undermining the legal rights of the Chinese people’s development,” the same ministry said. Trump introduced the imposition of 34% additional tariffs on Chinese products in the context of imposing hard duties on most of the US trade partners, increasing the overall percentage of duties imposed this year on China to 54%. This development has caused yesterday’s retaliation by Beijing by imposing 34% additional tariffs on all US products, as well as restrictions on exports of some rare land, escalating the trade war between the two largest economies in the world. […]
Source: News Beast
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