BEIJING - China on Friday vowed to fight back against US President Donald Trump's abrupt decision to slap 10 percent tariffs on the remaining $300 billion in Chinese imports, a move that ended a month-long trade truce.
"We can't just go and make an even deal with China. We have to go and make a better deal with China," Trump told reporters at the White House. "We won't accept any maximum pressure, intimidation or blackmail," Hua told a news briefing in Beijing. The 10 percent duties, which Trump announced in a series of Twitter posts after his top trade negotiators briefed him on a lack of progress in talks in Shanghai this week, would extend tariffs to nearly all Chinese goods that the United States imports.
China is also drafting a list of "unreliable entities" - foreign firms that have harmed Chinese interests. US delivery giant FedEx is under investigation by China.
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Global stocks plunge on US-China trade war worriesBEIJING — Global stock markets plunged Friday after President Donald Trump's surprise threat of tariff hikes on additional Chinese imports.
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