China announces 5% to 25% tariffs on US $ 60 billion in US imports

This week, the administration of President Donald Trump said the US can impose a 25% tariff on $ 200 billion in Chinese products. (Jason Lee / Reuters)
This week, the administration of President Donald Trump said the US can impose a 25% tariff on $ 200 billion in Chinese products. (Jason Lee / Reuters)

The Chinese minister said that the country needed to adopt retaliatory measures to defend free trade and the common interests of all a countries.

The Ministry of Commerce of China has announced that it intends to impose tariffs between 5% and 25% on US $ 60 billion in products imported from the United States . Beijing says its measure is “rational and contained” and whether or not to implement it will depend on US actions.

“Any threat or unilateral blackmail will only lead to the intensification of conflicts and will harm the interests of all parties,” a spokesman for the ministry said in a statement. “China always believes that consultation on a basis of mutual respect, equality and mutual benefit is an effective way to resolve trade differences.”

The Chinese government says the US has “repeatedly” caused a surge in trade tensions, “despite the interests of business and consumers” of the two countries. In this context, he argues that he had to take retaliatory measures “to defend the dignity of the country and the interests of the people, free trade and the multilateral system and the common interests of all countries in the world.”

This week, the administration of President Donald Trump said the US can impose a 25% tariff on $ 200 billion in Chinese products.

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