Date: May 30, 2018
China hit back at U.S. President Donald Trump’s plan to push ahead with tariffs on $50 billion of Chinese imports despite a recent truce in the trade fight, saying it damages America’s standing.
If the U.S. insists on unilateral measures, China will respond accordingly, foreign ministry spokeswoman Hua Chunying told reporters in Beijing on Wednesday. The White House said in a statement on Tuesday that a final list of imported goods to be targeted will be released by June 15, and levies imposed “shortly thereafter.”
“Every flip-flop in international relations simply depletes a country’s credibility,” Hua said. Earlier, the Wall Street Journal reported that the trade talks between the two countries scheduled for June 2 in Beijing may be derailed by the fresh threat from Washington.
The announcement by Trump — which seemed to tear up an agreement reached only 10 days ago in Washington — is the latest twist in a trade dispute between the U.S. and China that has rattled financial markets for months and could threaten the broadest global upswing in years, according to the International Monetary Fund. [FULL STORY]