trump: Trump on Thursday stunned financial markets by saying he plans to levy the additional duties from September 1, marking an abrupt end to a truce in a year-long trade war that has slowed global growth and disrupted supply chains, according to Nine News Australia. Beijing would not give an inch under pressure from Washington, Chinese Foreign Ministry spokeswoman Hua Chunying said on Friday. To improve your experience update it here News World China warns of retaliation for US tariffs By AAP7 14pm Aug 2, says it will not be blackmailed and warned of retaliation after US President Donald Trump vowed to slap a 10 per cent tariff on US300 billion A439 billion of Chinese imports from next month. If America does pass these tariffs then China will have to take the necessary countermeasures to protect the country's core and fundamental interests, Hua told a news briefing in Beijing. On the major issues of principle we won't give an inch, she said, adding that China hoped the US would give up its illusions and return to negotiations based on mutual respect and equality. We won't accept any maximum pressure, intimidation or blackmail.
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