China Strikes Back in the Trade War with the US
China Strikes Back in the Trade War with the US. China is taking retaliatory measures against the increase in import tariffs for Chinese goods by the United States. Beijing is raising rates from $ 60 billion in US products to 25 percent from June 1, the Chinese Finance Ministry reported.
With this, the Chinese ignore the warning of the American president Donald Trump on Twitter earlier in the day. According to Trump, a counter-move from China would only be counterproductive.
Companies could choose to remove their products from China to avoid the rates.
Trump further emphasized that China must do everything in its power to conclude a trade deal with the US.
Chinese-made products will become too expensive according to Trump. , You had a good deal. This one was almost finished ”, Trump sneered in the direction of Beijing as a shot.
Trump has not yet responded to the retaliation measures that China has taken.