Reuters: China warns the US that imposing tariffs on China will lead to firm countermeasures
Reuters reported on July 8, China warned the Trump administration not to reignite trade tensions by resuming tariffs on Chinese goods next month, and threatened to take retaliatory measures against countries that reach agreements with the US and exclude China's supply chain. The US plans to significantly increase tariffs starting August 1, and if China does not reach an agreement with the US before August 12, it will face additional import restrictions. Data from the Peterson Institute for International Economics shows that the average tariff on Chinese goods in the US is currently 51.1%, while the average tariff on US goods in China is 32.6%, and trade between the two sides has been fully covered. A commentary signed as "Zhongsheng" in the People's Daily emphasized that dialogue and cooperation are the only correct way to resolve trade issues, accused the US of tariff measures as "bullying actions," and warned that "China will firmly counter any agreement that harms China's interests." The article specifically mentioned Vietnam recently reaching an agreement with the US, reducing the tariff on Chinese goods transiting through Vietnam from 46% to 20%, but these goods still face an additional 40% tariff, and China clearly stated that "it will not accept transactions that sacrifice China's interests." Reuters analysis pointed out that if the US insists on pushing forward the tariff measures, the Sino-US trade tension may escalate again, and global supply chains will face further impact.
Original: https://www.toutiao.com/article/1837063945504768/
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