China Refuses to Budge After US Threatens Extra 50 Percent Tariff
Trump warned China of a 50 percent additional duty on Chinese goods if it refuses to withdraw its 34 percent retaliatory tariffs on U.S. imports.
Beijing on Tuesday criticized President Donald Trump’s threat to impose an additional 50 percent tariff on Chinese imports in response to China’s retaliatory measures against the U.S. reciprocal tariffs.
The Chinese Commerce Ministry said it would be a mistake if Trump proceeds with the extra tariffs and vowed to “fight to the end” to protect its interests.
Trump warned that he would impose additional 50 percent duties on Chinese goods if China refused to withdraw its 34 percent retaliatory tariffs on U.S. imports. Beijing’s tariffs were imposed after Trump’s April 2 reciprocal tariff announcement, which raised the total U.S. tariff on Chinese imports to 54 percent.
This is a developing story and will be updated.