China warns US of retaliation over Trump’s 100% tariffs threat
by Graeme Wearden from on (#70PV3)
Beijing says it will act if US president doesn't stand down, while investors brace for trade war turmoil
Beijing has told the US it will retaliate if Donald Trump fails to back down on his threat to impose 100% tariffs on Chinese imports as investors brace for another bout of trade war turmoil.
China's commerce ministry blamed Washington for raising trade tensions between the two countries after Trump announced on Friday that he would impose the additional tariffs on China's exports to the US, along with new controls on critical software, by 1 November.
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