Amidst the tariff war with Donald Trump, China threatened to retaliate on countries who want to make trade agreements with the US at their expense to get the US tariff exemption. Taking a precautionary measure to prevent China’s business relations with special trade deal with the US to get tariff discounts, a spokesman for the Ministry of Commerce warns that Beijing would strongly oppose such agreements. According to a report by government news agency Xinhua, the spokesperson made these comments in a statement reacting to reports that the US was preparing to pressurize other countries to ban business relations with China in exchange for tariff exemption.
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China warned America on trade deal
China has warned America to the business compromise countries. The Chinese Ministry of Commerce said that we oppose countries that are making agreements with the US that could cause damage to China. If such a step affects China’s interests, then the harsh retaliation is ready. There are reports that the US may pressurize to limit trade with China.
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Now Trump said, fraud will not work
US President Trump counted 8 points of fraud associated with tariffs and warned that the countries that would implement them could spoil the relationship. These points include dropping the value of Karsi, so that their exports are competitive despite tariffs in the US, while American things are expensive in their market. VAT on imports, subsidizing exports, dumping goods in other countries are also included in these points.
