China vows fight against Trump's latest tariffs as stocks sink

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China warns of retaliation if Trump carries through on threat to slap a 10% tariff on $300 billion of Chinese imports via ReutersTV

BEIJING/WASHINGTON - China on Friday vowed to fight back against U.S. President Donald Trump’s abrupt decision to slap 10% 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. “On the major issues of principle we won’t give an inch,” she said, adding that China hoped the United States would “give up its illusions” and return to negotiations based on mutual respect and equality.

Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly SongWhite House economic adviser Larry Kudlow told reporters on Friday that the impact on consumers from the latest duties would be minimal, despite the fact that the $300 billion target list is nearly all consumer goods, from cellphones and laptop computers to toys and footwear.

China is also drafting a list of “unreliable entities” - foreign firms that have harmed Chinese interests. U.S. delivery giant FedEx is under investigation by China.

 

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TV Trump: I warned you. Now I’m going to shoot myself in the foot. China: If you do, we will have no choice but to shoot our own feet. Take that. TrumpTariffs

TV Keep your cheap junk!

TV Even TroglodyteInChief can bully China only so much....

TV They can keep their junk, forcing children to work is wrong and America should not support it.

TV We should require all payments for Chinese good to pass through forex and convert to yuan before being sent over to China

TV Chinese remind me of Iran, just talk, they can’t do shit.

TV America does not need china. China needs America.

TV Well with what?

TV How about we start making products in the USA again😃

TV 🙄Trump supports the Communist Chinese 🇨🇳 government over the protesters? 🤨

TV That's fake news..china welcomes the low 10% tariffs..it was better then 25%

TV F China. Communists won’t let people even see the full internet

TV What are they going to do? Stop shipping us crap products made with slave labor?

TV China should start treating the labor force fairly, polluting the environment, violating the HHRR of under developed countries, and stop backing, with over-lending of money, to tyrants and dictators. Or swallow the tariff

TV

TV What, no more chow mein? Please

TV arboretumlvr I would say that the tariffs will go up to 15% in that case

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