U.S. to impose 10% tariffs on $300 billion of Chinese imports from Sept. 1; Beijing says it won’t give an inch under pressure.
China on Friday said it would not be blackmailed and warned of retaliation after U.S. President Donald Trump vowed to slap a 10% tariffon $300 billion of Chinese imports from next month, sharply escalating a trade row between the world’s biggest economies.
Mr. Trump stunned financial markets on Thursday by saying he plans to levy the additional duties from September 1, marking an abrupt end to a truce in a year-long trade war that has slowed global growth and disrupted supply chains.
Beijing would not give an inch under pressure from Washington, Chinese Foreign Ministry spokeswoman Hua Chunying said.
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