trade war: The decision was made following the US move to slap an additional 10 percent in tariffs on 300 billion worth of Chinese goods last week, according to Global Times China. The announcement from Beijing send a clear message to Washington that their latest action was unacceptable, and that China will not hesitate to take necessary countermeasures should the US follow through on the tariff hikes. Meanwhile, Chinese companies have suspended purchasing US agricultural products. The US government claimed the added tariffs would be implemented on September 1, as thorough negotiations were scheduled with both delegations in August. US stocks plummeted last Thursday after the US government announced it would continue its trade war with China. It is precisely this unilateral reversal strategy by the US that has had a severe impact on trade negotiations.
(news.financializer.com). As
reported in the news.
Tagged under trade war, chinese goods topics.