US threatens additional $200bn in tariffs on China

 US threatens additional $200bn in tariffs on China

US President Donald Trump has threatened to impose tariffs on an additional $200billion of Chinese goods in a growing trade row.

Trump said the 10% tariffs would come into effect if China "refuses to change its practices". China responded by accusing the US of "blackmail", raising fears of a full-blown trade war.

On Monday, the US president condemned China's "unfair practices related to the acquisition of American intellectual property and technology".

"Rather than altering those practices, it is now threatening United States companies, workers, and farmers who have done nothing wrong," BBC cited Trump as saying.

He added that new tariffs would "go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced".

"If China increases its tariffs yet again, we will meet that action by pursuing additional tariffs on another $200 billion of goods," the US president said.

Last week, Trump announced the US would impose 25% tariffs on $50bn worth of Chinese goods. Beijing responded by saying it would hit 659 US products worth $50bn - including agricultural products, cars and marine products - with a similar tax.


    Vestnik Kavkaza

    in Telegram