Trade war: "China's countermeasures are rational", argues Beijing

Here's Why Trump Is Hiking Chinese Tariffs To 25%

Here's Why Trump Is Hiking Chinese Tariffs To 25%

"China was forced to take the countermeasures" in reaction to Trump saying he was considering raising tariffs on $200 billion of Chinese goods from 10 percent to 25 percent, the commission said.

The South China Morning Post reported last week that officials from Beijing and Washington had held unofficial talks, but a deep and mutual distrust continued to hamper efforts to de-escalate the conflict.

China will impose tariffs on $60 billion in USA goods if the United States presses ahead with its latest trade threats, Beijing warned Friday.

China's proposed import tax is the latest in a tit-for-tat trade war between the two countries, which started in March when Trump signed a presidential order imposing tariffs on at least $50 billion in Chinese goods.

Washington has vowed to take punitive measures to stop Beijing's Made in China 2025 industrial policy supporting domestic companies developing strategic advanced technologies, including robotics and artificial intelligence. China's finance ministry unveiled new sets of additional tariffs on 5,207 goods imported from the U.S., with the extra levies ranging from 5% to 25%. On Friday, the Ministry of Commerce described its planned response: four different types of tariffs on $60 billion of US goods.

Washington had already imposed import tariffs on $34bn of Chinese goods last month, with Beijing immediately retaliating.

However, Kudlow said there has been some communication "at the highest level" on trade between the United States and China in recent days. China said at the time blackmail would not work and that it would hit back.

On Saturday, President Donald Trump praised his tariff plan and insisted, "steelworkers are working again, and big dollars are flowing into our Treasury".

"We have really rebuilt China, and it's time that we rebuild our own country now", Trump said, adding that the Europeans were "dying to make a deal".

The result could weigh on revised calculations of second quarter growth, which President Donald Trump hailed as a key The US bilateral trade deficits also expanded with China, the European Union, Canada and Mexico achievement of his economic policies last week after it was reported as the strongest GDP increase in almost four years.

"The money comes after farmers, especially soybean growers, have felt the brunt of retaliatory tariffs placed on agriculture by China and other nations that the Trump administration has penalized with tariffs on imports", NPR's Brian Naylor reported.

Beijing says the United States is deliberately creating the trade conflict, using bullying tactics, and ignoring global negotiating norms so that it can stop the rise of China as a competitor on the world stage.

On Friday, China announced it would impose additional tariffs on billions of dollars of American goods if Trump followed through on imposing additional tariffs on China.

Wang told reporters at the forum that China welcomed, and was willing to work with, the United States to help with faster development and better security in the region. China recently threatened to slap retaliatory tariffs on an additional $60 billion in USA goods. The threat came a day after Chinese officials appealed for dialogue based on "mutual respect", with Foreign Minister Wang Yi urging the United States to remain "cool-headed". "The point at which both sides can sit down and talk will be reached when they are exhausted and need a break from the trade fight", he said.

Countries like Malaysia form an integral part of Chinese exporters' supply chains, and analysts have warned a trade war could knock billions of dollars off their economic growth in coming years.

"My objective was quite straightforward: I think I need to inform him that we are very concerned", said Saifuddin.

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