Beijing prepares to make Washington pay for metal tariffs
China has vowed to retaliate for the metal tariffs decided by the US President Donald Trump against China-made goods.
Publish date : Thursday 29 March 2018 11:19
On Wednesday, the Chinese state-run Global Times
, affiliated to the ruling Communist Party’s official People’s Daily
, said in an editorial that the list would target a large number of major items imported from the US.
The Chinese Ministry of Commerce has already announced that retaliatory tariffs will be slapped on imported fruits, beverages, meat, steel pipes, and more than 100 other goods made in the USA.
Trump ordered his tariffs on Chinese imports last week.
The Global Times
said the US was naive to think it could make China agree to unreasonable demands as the Asian country's economy is strong and stable and has “weathered bluster before from previous US administrations.”
The widely-read English-language paper said Trump’s new anti-China measures would inflict more hardship on the average American citizen by making commodity prices go up.
“Compared to China’s list, the US list hurts itself more than China,” it said. “This will deal a heavy blow to Washington that aggressively wields the stick of trade war and will make the US pay a price for its radical trade policy toward China.”
While world countries have advised Trump against launching a trade war, the US president has bragged that such a war would be easy to win.
Meanwhile, financial markets are on edge.