China Vows to Fight Trump Tariffs to the End' as Tension Rises

[still_one]

China said it would counter U.S. protectionism "to the end, and at any cost," as a war of words over President Donald Trump’s proposed tariffs on Chinese imports escalated.


After Trump ordered his administration to consider tariffs on an additional $100 billion in Chinese goods on Thursday, sending U.S. stock futures tumbling, China’s Commerce Ministry said in a statement in Beijing Friday that the nation doesn’t want a trade war, but is ready to fight one.


Trump’s unexpected move threatens to unravel efforts by top U.S. and Chinese trade officials to lower the heat and reach an agreement that could stave off an escalating conflict, after the release of a list of tariff targets earlier this week prompted immediate threats of retaliation from Beijing.


U.S. stock futures dropped on Trump’s latest trade directive to the U.S. Trade Representative. S&P 500 Index futures slid as much as 1.6 percent, after the underlying gauge ended up 0.7 percent Thursday. Asian equities were mixed, while the yen rose before retracing most of the move.


“In light of China’s unfair retaliation, I have instructed the USTR to consider whether $100 billion of additional tariffs would be appropriate under section 301 and, if so, to identify the products upon which to impose such tariffs,” Trump said in a statement issued by the White House.
A White House official later said the $100 billion figure Trump used in the statement referred to the value of the imports that would be covered by the additional tariffs, not the total amount of tax that would be charged on the products.
"The Chinese side will follow suit to the end and at any cost, and will firmly attack, using new comprehensive countermeasures, to firmly defend the interest of the nation and its people,” the Commerce Ministry said in a statement on its website, without further detailing any planned measures.

https://www.bloomberg.com/news/articles/2018-04-05/trump-orders-consideration-of-100-billion-in-new-china-tariffs

[Cha]

1. Yeah, China ain't playin

with Whiny Russian asset asshole.

[njhoneybadger]

2. Trade wars are easy to win,Mexico will pay for the wall,"great health care for a fraction of the $

[bobbieinok]

3. 'Unfair retaliation'!?!? So if you (or we) defend self (selves) against Trump, it's unfair.

Everything he does is just a game to him. He lives permantly in his own reality tv show where nothing he does or says has real consequences, most especially never to himself.