Beijing is still talking about a trade war with the U. S., warning that President Donald Trump’s proposed trade penalties could lead to conflict.
Beijing is still talking about a trade war with the U. S., warning that President Donald Trump’s proposed trade penalties could lead to conflict.
“We hope the United States can rein in its horse before the edge of the cliff, or else we will fight to the end,” Chinese Ministry of Commerce spokesman Gao Feng said Thursday, reiterating a point recently made by the Chinese Embassy in the U. S.
The president recently announced a plan to impose around $60 billion in trade penalties on China for alleged theft of American intellectual property. The announcement followed an earlier revelation that the U. S. would place a 25 percent tariff on foreign-made steel and ten percent on aluminum. China expressed dissatisfaction with both decisions.
“China does not want a trade war with anyone,” the Chinese Embassy in the U. S. said in a statement after Trump announced his most recent plan to combat so-called Chinese economic aggression. “But, China is not afraid of and will not recoil from a trade war.
