Trade War - China Responds To Trump $60bn Tariffs (Video)

Although the mutual respect between the US and China Presidents Mr. Trump and Mr. Jinping indeed seems high, it is, of course, understandable that Beijing responds to the $60 billion tariff imposition that the White House signed into law yesterday (getting compliments from both sides of the US Congress in the process).

Related coverage: http://thegoldwater.com/news/21209-Trumps-Slaps-China-With-60-Billion-Tariff-Bill-As-Trade-War-Starts-Video

China claims it in no way fears the upcoming trade war with the US and announced in return reciprocal tariffs on $3 billion of imports of American products.

Unspecified percentages of tariffs will be levied on imports into the Chinese mainland of American products such as pork, recycled aluminum, steel pipes, fruit, and wine.

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">US-China &quot;trade war heavy&quot; scenario <a href="https://t.co/jQAsWTMmZz">https://t.co/jQAsWTMmZz</a> <a href="https://t.co/mkjF3Qht3F">pic.twitter.com/mkjF3Qht3F</a></p>&mdash; zerohedge (@zerohedge) <a href="https://twitter.com/zerohedge/status/976874224148271104?ref_src=twsrc%5Etfw">March 22, 2018</a></blockquote>

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Mr. Li Yong, a senior fellow of China Association of International Trade, commented: “The US declared a trade war, but China is acting quite restrained. The list that China has announced appears to be a retaliation, but still it is very measured."

"The move sends a message that China is able to fight back, but we still want a trade peace instead of a trade war."

Meanwhile, the US government got more detailed as to which imported Chinese items will be tariffed. According to USTR, the list will include items in aerospace, information and communication technology, and machinery. The detailed list will be published in the next “several days.”

<blockquote class="twitter-video" data-lang="en"><p lang="en" dir="ltr">BREAKING: Chinese ambassador Cui Tiankai on Trump’s China#tariff:”We don’t want to have a trade war with the US or anybody else but we are not afraid of it. If somebody imposed a trade war on us we will fight.” <a href="https://t.co/VvFPGn1tpc">pic.twitter.com/VvFPGn1tpc</a></p>&mdash; Wang Guan (@WangGuanCGTN) <a href="https://twitter.com/WangGuanCGTN/status/976874008900710400?ref_src=twsrc%5Etfw">March 22, 2018</a></blockquote>

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Lastly, the Chinese Embassy in Washington, D.C. released a statement saying: "China will fight to the end with all necessary measures in a trade war with the US."

Source:

https://www.smh.com.au/world/asia/china-responds-to-trump-s-trade-war-with-tariffs-on-128-us-products-20180323-p4z5t9.html