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China says hopes U.S. stops wrong tariff action, vows to retaliate if new levies imposed

Published 08/22/2019, 04:20 AM
Updated 08/22/2019, 04:20 AM
© Reuters. Containers are seen at the Yangshan Deep Water Port in Shanghai

BEIJING (Reuters) - China said on Thursday it hopes the United States will stop its wrong tariff action, adding that any new tariffs would lead to escalation.

The United States said early this month it would slap duties on $300 billion of Chinese goods from Sept. 1, which would effectively extend its tariffs to all of China's exports to the United States.

But President Donald Trump later backed off part of the plan, delaying duties on some items such as cellphones, laptops and other consumer goods to mid-December, in the hopes of blunting their impact on U.S. holiday sales.

"Despite the U.S. decision to delay tariffs on some Chinese goods .... if the United States rides roughshod over China's opposition and impose any new tariffs, China will be forced to adopt retaliatory actions", Ministry of Commerce spokesman Gao Feng told a news briefing.

Gao said trade teams from both sides have been keeping in touch, when asked whether the Chinese vice Premier Liu He would travel to Washington for the next round of face-to-face talks.

When asked if Washington has raised the Hong Kong issue with China during the trade negotiations, Gao referred to Trump's previous remarks that Hong Kong is part of China and it is not necessary for the U.S. to intervene.

"I hope U.S. side can stick to its words," said Gao.

President Donald Trump over the weekend warned against a crackdown in Hong Kong like Beijing's suppression of pro-democracy protests in Tiananmen Square (NYSE:SQ) in 1989, which would make reaching a deal he has been seeking to end a trade war with China "very hard".

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Latest comments

So wait, the market turns negative over China's reminder? lol
Yes, this is called a China Roar. When China Roars, the world market crumbles.
We all know Trump purposely drag the tariff war longer, adding demands & shifting goalpost a couple of times. Trump won't be able to use it to manipulate the market & make boatload if it is resolved fast.
This headline should read:. "America says it hopes China stops wrong theft, currency manipulation and dumping action, vows to retaliate.". . . China doesn't buy anything from us. Exactly what are they supposed to retaliate with? Are they threatening that they're going to get really really angry, and then talk about dragons and centuries and tigers and winds and stuff? This is getting embarrassing.
You are so cute. China is only allowed access to US if it is in our best interest. This is called a global economy. Working together this benefits all. Acting like a giant toddler and starting trade wars ends all of this and helps no one.
I swear people don't realize that China has had tariffs on all products that are competitive against products they produce in China. This has been going on for decades. Why should it be a one way street? Same with Europe, tariffs up the ********on U.S. products.. The toddlers are the ones who complain about paying more for products that would actually help support their own ***country, or the ones who complain their stocks going down. A country can't go on consuming products from other countries without producing anything themselves. Learn economics..
Stay strong Mr Trump. We need to crack the Chinese trade imbalance and theft
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