America-China
The ongoing trade war between the US and China does not seem to be resolved soon. The US has increased tariffs on Chinese products to 245 per cent. At the same time, China has also increased tariffs on US products to 125 percent. America is a huge market for China products. American tariffs are expected to cause heavy losses to China. This has caused China. Now China has threatened countries around the world in this fury. China on Monday threatened that it would retaliate on countries trying to make a trade deal with the US at the cost of Chinese interests.
China will retaliate steps
According to a report by the government news agency Xinhua, a spokesman for the Chinese Commerce Ministry of Commerce has reacted to reports that the US is pressurizing some countries so that they limit their business relations with China in exchange for fee exemption. The spokesperson clarified that China would strongly oppose any agreement that should be damaged by damaging Chinese interests between the US and its business colleagues. He said that if such a situation arises, China will not only reject it but will also give strict answers to it. The statement also said that China has the right to solve and is fully capable of protecting its legitimate interests.
America is arbitrarily tariff
A spokesman for the Chinese Commerce Ministry said that the US is charging arbitrary fees on all its business partners in the name of the so -called ‘retaliation’ in recent times and is also pressurizing them to negotiate these ‘retaliation’. He alleged that, “It is only a pretext of response. It is actually an attempt to create a unilateral dominance in international trade and economy and pursue a unilateral dominance in the economy.” This sharp remarks of the spokesperson have come in the midst of reports that many countries who have faced a trade war with the US are now negotiating with it on bilateral trade agreements, so that they can again reach the US market.
Wall Street Journal reported
The newspaper ‘Wall Street Journal’ said last week that the US plans to pressurize dozens of countries using fee talks to put new barriers on trade with China. Many countries, including Japan and ASEAN (organization of South-East Asian countries), have profitable trade with both China and America.
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