China slams US 'blackmailing' as Trump issues new trade threat

[Soph0571]

US. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods and Beijing warned it would retaliate, in a rapid escalation of the trade conflict between the world’s two biggest economies.

Trump’s latest move, as Washington fights trade battles on several fronts, was unexpectedly swift and sharp.
It was retaliation, he said, for China’s decision to raise tariffs on $50 billion in U.S. goods, which came after Trump announced similar tariffs on Chinese goods on Friday.

“After the legal process is complete, these tariffs will go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced,” Trump said in a statement on Monday.
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China’s commerce ministry said Beijing will fight back with “qualitative” and “quantitative” measures if the United States publishes an additional list of tariffs on Chinese goods.

“Such a practice of extreme pressure and blackmailing deviates from the consensus reached by both sides on multiple occasions,” the ministry said in a statement.

“The United States has initiated a trade war and violated market regulations, and is harming the interests of not just the people of China and the U.S., but of the world.”

[link:https://www.rawstory.com/2018/06/china-slams-us-blackmailing-trump-issues-new-trade-threat/|

Oh look - here comes a great recession.... just as we were getting over the last one. Do you think it is possible for this travesty of a President to give us just 24 hours without drama?!?!!?

Let us all say it together TRADE WARS BAD..... they never work out well, not for anyone.

[GemDigger]

1. China should tax clothing

and hit multiple Trumps in the process. Let the trade war hit them personally. The Donald J Trump collection, and all of Ivankas shit. Tax it bigly!