The United States would earn a total of 104% from Chinese imports if this were to happen.
The East Asian nation is now adamant and has accused the US of “bullying” and “blackmail.”
The US imposing “so-called reciprocal tariffs” on China is “completely groundless and is a typical unilateral bullying practice,” according to a statement released earlier today by China’s Commerce Ministry.
Additionally, it stated that as the trade war intensifies, more counter-tariffs against American goods may be forthcoming.
China’s countermeasures are intended to preserve the regular order of international trade while protecting its interests in security, development, and sovereignty. They are entirely legal,” the government continued.
“The US’s threat to increase tariffs on China is a mistake on top of another blunder and demonstrates the US’s capacity for blackmail once more.
“This will never be accepted in China. China would battle until the very end if the US insists on getting its way.
China’s foreign ministry also charged the US with “economic bullying” and “destabilizing” the global economy at a news briefing.
