Just now, the White House confirmed the additional 50% tariff on Chinese imports. Karoline Leavitt, the White House press secretary, just confirmed this news at a press briefing and stated that "these tariffs will officially take effect at 00:01 AM EDT on Wednesday (12:01 PM Beijing time). At that time, the overall tariff rate on China will reach an astonishing 104%."
In response to Trump's further tariff hike, China's Ministry of Commerce issued a stern statement on Tuesday condemning the U.S. action as "unilateral bullying." The statement pointed out that "China will see it through to the end. If the U.S. insists on going ahead, China will certainly take resolute countermeasures."
Trump's threats and blackmail are no different from issuing an ultimatum to China, which has never fallen for such tactics. Trump has kicked against the pricks; let's see how he resolves this.
Original article: https://www.toutiao.com/article/1828866048319556/
Disclaimer: This article represents the author's personal views only.