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China Vows Retaliation If Trump Slaps Further Tariffs On Chinese Imports

Published on Aug 1 2018 3:29 PM in Supply Chain tagged: Trending Posts / China / Trade / Tariffs / trump / Paywall

China Vows Retaliation If Trump Slaps Further Tariffs On Chinese Imports

China has said that "blackmail" won't work, and that it would hit back if the United States takes further steps to hindering trade, as the Trump administration considers slapping a 25% tariff on $200 billion worth of Chinese goods.

The proposal would increase the potential tariff rate from the 10% that the administration had initially put forward on 10 July for that wave of duties, in a bid to pressure Beijing into making trade concessions, a source familiar with the plan said earlier this week.

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