The Chinese Foreign Ministry has called on Washington to refrain from the policy of pressure following today's announcement by the US President Donald Trump on the intention to introduce 100% duties on Chinese imports.
«We stand for constructive dialogue, not confrontation. A spiral of trade restrictions will not benefit China, the United States or the global economy,» said the Chinese Foreign Ministry spokesperson.
Trump's statement
President Donald Trump has announced his intention to to establish 100% duties on Chinese goods, explaining it by «protecting American manufacturers» and «the need to restore economic justice».
He stressed that the US «will no longer allow China to abuse America's open markets».
This statement immediately provoked a sharp reaction in Beijing, which called Washington's policy economic blackmail and called for the resumption of negotiations.
Possible consequences
Analysts warn that Trade escalation between the world's two largest economies could lead to higher prices for consumer goods, disruption of global supply chains and a new wave of inflation.
Experts Bloomberg point out that China may respond own restrictions for US companies, In particular, in the areas of technology, agriculture and aviation.
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