BEIJING --- China rejected "threats and blackmail" ahead of planned U.S. tariff hike, striking a defiant stance Thursday in a dispute companies worry could flare into a full-blown trade war and chill the global economy. The Trump administration plans to impose 25 percent duties on Friday on $34 billion of Chinese goods in its biggest sanctions yet over complaints Beijing steals or pressures companies to hand over technology. Beijing has threatened to retaliate by raising its own tariffs on American goods, but a Commerce Ministry spokesman said Chinese authorities will wait to see what Washington does. "China will no...
Keep on reading: China rejects ‘blackmail’ on eve of US tariff hike
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Keep on reading: China rejects ‘blackmail’ on eve of US tariff hike
from INQUIRER.net https://ift.tt/2KuQ01M
China rejects ‘blackmail’ on eve of US tariff hike
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July 05, 2018
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