China Warns of Retaliatory Measures After Trump Threatens New Tariffs
Beijing on Friday sharply criticized President Trump’s decision to slap tariffs on everything that China exports to the United States, saying they were “not constructive” for reaching a trade deal and that Washington would have to “bear all the consequences” for its actions.
Barely a day after negotiators from the two sides wrapped up talks in Shanghai, agreeing to meet again in September and keep working on a deal to end their protracted trade war, Trump announced Thursday that he would impose a 10 percent tariff on the remaining $300 billion worth of untaxed imports from China.
This means everything that China sells to the United States-from clothes and iPhones to chemicals and construction equipment-will have levies of between 10 and 25 percent on them starting in September.
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