Beijing warns of retaliation over US tariff ultimatums
Threats are not “the right way” to get along with China, the Commerce Ministry has said Beijing has made it clear that it won’t yield to Washington’s latest tariff threats, urging the United States to seek a negotiated settlement instead of escalating tensions. The warning came as part of an official statement released by China’s Ministry of Commerce on Sunday. The response followed US President Donald Trump’s plan to impose a 100% tariff on Chinese imports, citing Beijing’s new restrictions on rare earth exports – vital materials used in products from smartphones to fighter jets. “China’s position on the trade war is consistent: we do not want it, but we are not afraid of it,” the ministry stated. The renewed friction threatens to derail a possible meeting between Trump and Chinese President Xi Jinping, scheduled to take place on the sidelines of the APEC summit in South Korea in late October or early November. The meeting had been viewed as an opportunity to revive dialogue between the world’s two largest economies. Trump has spent much of the year raising import duties on trading partners to force… Beijing warns of retaliation over US tariff ultimatums






