The trade war between the US and China has reached a new level of escalation. China today made it clear that it will respond with countermeasures when US President Donald Trump takes his new punitive tariffs seriously.
The day before, Trump had announced additional tariffs of ten percent on Chinese goods worth $ 300 billion (270 billion euros) the previous day. They could even be raised to 25 percent or „well beyond,“ Trump warned in the White House. Everything depends on the conclusion of a trade agreement with China. „If they do not want to trade with us anymore, that would be fine with me,“ Trump said.
China condemned the action sharply. „If US action to impose tariffs is implemented, China will have to take the necessary countermeasures to defend the country’s core interests and people’s fundamental interests,“ said Hua Chunying, a spokeswoman for the Beijing Foreign Ministry, today: „All the consequences worn by the USA. „
