Within 48 hours of Trump’s announcement on duties on countries around the world that shaken markets, the world’s second largest economy quickly retaliated with its own punitive measures in US goods and businesses. Subsequently, after the US president promised to raise duties on Monday, Beijing again promised to insist on his line. “The US threat to escalate duties against China is a mistake after the other mistake,” the Ministry of Commerce said in a statement. The threat “once again exposes the US blackmail,” the statement said. China will never accept it. If the US insists on their own way, China will fight to the end. ” Beijing’s challenge is part of what seems to be a carefully calibrated self -confidence from a Chinese government that has decided to be positioned as an opposition force standing against […]
Source: News Beast
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