US tariffs set bad precedent for global trade, says China

China has said it firmly opposes new tariffs the US plans to impose, saying it has "set a very bad precedent".
The tariffs on up to $60bn of Chinese products were announced on Thursday and were a response to allegations of intellectual property theft by China.
China said such measures were "not conducive to global interests" and urged the US to avoid damaging trade relations.
The dispute has sparked fears of a global trade war.
China earlier on Thursday announced its own raft of proposed tariffs worth $3bn in response to earlier US tariffs on steel and aluminium imports.
The list of products under consideration by China includes pork, wine, fruit and nuts and stainless steel pipes..
Share:

No comments:

Post a Comment

Nya-Etok for Governor

Most Read Stories

Labels

Blog Archive

Recent Posts