Staff members set up Chinese and US flags for a meeting between Chinese Transport Minister Li Xiaopeng and US Secretary of Transportation Elaine Chao at the Ministry of Transport of China in Beijing, China April 27, 2018.The White House said Monday evening that if China goes through with its promise to retaliate against the USA tariffs announced last week, the United States will impose tariffs on an additional $200 billion worth of Chinese goods.US President Donald Trump threatened on Monday to impose a 10 per cent tariff on US$200 billion (S$270 billion) of Chinese goods, saying the move was in retaliation for China’s decision to raise tariffs on US$50 billion in US goods.China’s Commerce Ministry on Tuesday criticised the latest threat of tariffs, saying it was an “act of extreme pressure and blackmail that deviates from the consensus reached by both parties after many negotiations, and is a disappointment to the worldwide community”. “But the United States will no longer be taken advantage of on trade by China and other countries in the world”.”China’s threat “clearly indicates its determination to keep the United States at a permanent and unfair disadvantage”, Trump said Monday”.”If the U.S. becomes irrational and issues this… Read full this story
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