ABOUT US  |  CONTACT US  |  RSS  |  ARCHIVE  |  2024-11-25  |  UPDATED: 1403/06/01 - 19:53:2 FA | AR | PS | EN
Talibans new law bans womens voices and faces             Iranian police shut down two illegal centers affiliated with German government             All of President Pezeshkians ministerial picks win parliaments vote of confidence             Wheres Bangladesh Heading after Popular Uprising?            Western Kabul residents say Taliban has failed to ensure security after bombing             Algerian Boxer Khelif files complaint over online harassment after gender row             Federalism in Afghanistan: Opportunities and Challenges             Formation of the Federalist Assembly of Afghanistan             Israel launches missile attack on outskirts of Damascus, killing Syrian civilians             UK national scandal: 20,000 mental health patients raped, sexually assaulted in NHS care             Three US troops killed, dozens injured in drone attack in Syria             Trump says NATO will not come to rescue if US attacked             Ukraine beset by $40m fraud in arms procurement amid war with Russia            US approves sale of F-16 jets to Turkey after Ankara ratifies Swedens NATO membership             UNSC to meet to discuss ICJ ruling on Israeli genocide in Gaza            


DATE PUBLISHED: 2018/3/22 - 08:15:10
VISIT: 1461
SHARE WITH YOUR FRIENDS

China pledges retaliation as Trump prepares to announce new tariffs

In a new warning to Washington, Beijing pledges tit-for-tat measures should the US choose to slap trade sanctions against China over what it calls “the theft” of American intellectual property.

Beijing “will not sit idly by and let its legitimate rights and interests be harmed,” the Chinese Commerce Ministry said on Thursday as US President Donald Trump is widely expected to unveil new tariffs on Chinese imports worth as much as up to $60 billion.

It said China “will certainly take all necessary measures to resolutely defend its legitimate rights and interests.”

White House spokesman Raj Shah said Trump will on Thursday announce actions following an “investigation into China’s state-led, market-distorting efforts to force, pressure, and steal US technologies and intellectual property.”

According to his schedule, Trump will sign “a Presidential Memorandum targeting China’s economic aggression,” fueling concerns of a trade war between the two sides.


US sanctions on China could start ‘destructive trade war’
The main US business lobby warns Trump against imposing tariffs on imports from China.

The Thursday warning came just hours after the Commerce Ministry accused the United States of “repeatedly abusing” trade practices.

The World Trade Organization had earlier ruled that Washington has not fully complied with a 2014 ruling against its anti-subsidy tariffs on various Chinese products.

Beijing’s Commerce Ministry said the ruling “proves that the US side has violated WTO rules, repeatedly abused trade remedy measures, which has seriously damaged the fair and just nature of the international trade environment, and weakened the stability of the multilateral trading system.”

Chinese Premier Li Keqiang has urged Trump to not act “emotionally.”

The US president, however, has so far shown no sign of backing down.

The top US trade official, Robert Lighthizer, said on Wednesday that retaliation from China, notably targeting US agricultural exports, would be inevitable.

United States Trade Representative (USTR) consulted multiple departments and executive branch divisions, including Commerce, Treasury, Agriculture, State, Defense, the National Security Council and the National Economic Council, to assess how China might respond.

It is not the first time the US cracks down on trade practices the president deems unfair.

Just two weeks ago, Trump announced tariffs on imports of steel and aluminum. He signed paperwork enacting tariffs of 25 percent on steel and 10 percent on aluminum during a ceremony at the White House.

His decision initially rattled financial markets, caused legal disputes and threats of retaliatory measures.

Many warned that the move would cause a deep global recession as well as a trade war.

China has repeatedly said that it does not seek a trade war but warned that it would take “firm and necessary” countermeasures if necessary.

 

LINK: https://www.ansarpress.com/english/9785


TAGS:






*
*

*



SEE ALSO

Israel launches missile attack on outskirts of Damascus, killing Syrian civilians


Ukraine beset by $40m fraud in arms procurement amid war with Russia


US approves sale of F-16 jets to Turkey after Ankara ratifies Swedens NATO membership


UNSC to meet to discuss ICJ ruling on Israeli genocide in Gaza


Gazas major health facility collapses amid Israeli attacks: MSF


Americans to redeploy nuclear weapons in UK amid fears of WW3


Yemen directly hits US warship with ballistic missile


Turkish lawmakers open debate over Swedens NATO membership


Palestinian Islamic Jihad: Al-Maghazi operation proved defeat of Israeli regime in Gaza war


Pakistan Army Kills Seven Terrorists Near Afghan Border





VIEWED
MOST DISCUSSED




POLL

Modi, Merkel Discuss Afghanistan, Radicalisation And Terrorism

SEE RESULT


LAST NEWS

Sudan: The Forgotten War

Talibans new law bans womens voices and faces

Iranian police shut down two illegal centers affiliated with German government

All of President Pezeshkians ministerial picks win parliaments vote of confidence

Wheres Bangladesh Heading after Popular Uprising?

Western Kabul residents say Taliban has failed to ensure security after bombing

Algerian Boxer Khelif files complaint over online harassment after gender row

Federalism in Afghanistan: Opportunities and Challenges

Formation of the Federalist Assembly of Afghanistan

Israel launches missile attack on outskirts of Damascus, killing Syrian civilians

UK national scandal: 20,000 mental health patients raped, sexually assaulted in NHS care

Three US troops killed, dozens injured in drone attack in Syria

Trump says NATO will not come to rescue if US attacked

Ukraine beset by $40m fraud in arms procurement amid war with Russia

US approves sale of F-16 jets to Turkey after Ankara ratifies Swedens NATO membership

UNSC to meet to discuss ICJ ruling on Israeli genocide in Gaza

Taliban: Afghanistan Does Not Have Formal Border With Pakistan

Gazas major health facility collapses amid Israeli attacks: MSF

Americans to redeploy nuclear weapons in UK amid fears of WW3

Biden makes history: 1st sitting US president sued for complicity in genocide

Trump walks out of courtroom during closing arguments of Carrolls attorney

US: 3 dead in shooting at Texas apartment complex

US-UK aggression against Yemen risks expansion of war: Iran

Yemen directly hits US warship with ballistic missile

Hamas has self-reliantly opposed the three giant intelligence agencies of the world!

President Raeisi calls for UN reform, says body unable to end Gaza genocide

Pedram: The Abduction of Hazara and Tajik Women Recalls the Crimes of Abdur Rahman

Special envoys from G7 countries discuss Afghanistan in London meeting

Turkish lawmakers open debate over Swedens NATO membership

UN agency says over half a million Palestinians face catastrophic hunger in Gaza

Palestinian Islamic Jihad: Al-Maghazi operation proved defeat of Israeli regime in Gaza war

European support for Israel damaging energy security on the continent, report says

Pakistan Army Kills Seven Terrorists Near Afghan Border

Israel kills at least 190 people in Khan Younis in 24 hours

UNAMA report: 49 Hazara community members killed in Afghanistan in three months

Indias Modi inaugurates Hindu temple on site of razed mosque ahead of elections

US 2024 election: DeSantis drops out of Republican presidential race, backs Trump

Survivors of Russian charter flight crash transferred to Kabul

Irans anti-terror strikes clear message to certain recipients: Foreign Ministry

Ethnic mass killings in one Sudan city last year left up to 15,000 dead: UN report


MEDICAL NEWS


ANSAR PRESS  |  ABOUT US  |  CONTACT US  |  MOBILE VERSION  |  LINKS  |  DESIGN: Negah Network Co.
All right reserved. Use this website by mentioning the source (link) is allowed. Ԑ یی