Mumbai, April 9 -- China's Ministry of Commerce (MOFCOM) reportedly said on Tuesday it has noticed that the US threatened to impose a further 50 percent tariff on China. "China firmly opposes this. If the US escalates tariffs, China will resolutely take countermeasures to safeguard its own rights and interests," a spokesperson for the ministry said. The US' imposition of so-called "reciprocal tariffs" on China is groundless and a typical unilateral bullying practice. The countermeasures China has taken are aimed at safeguarding its sovereignty, security and development interests and maintaining the normal international trade order, and are completely legitimate, the spokesperson noted. "The US' threat to escalate tariffs on China is a grave...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.