Friday, July 6, 2018

Economic security

China: The US has started 'the biggest trade war' in history

china shipping containers qingdaoChina on Friday accused the United States of starting "the biggest trade war in economic history" as US tariffs took effect on Chinese goods worth $34 billion.

"China is forced to strike back to safeguard core national interests and the interests of its people," the country's Commerce Ministry said in a statement after US tariffs kicked in just after midnight ET, which is noon in Beijing. It accused the United States of "typical trade bullying."
The Trump administration's 25% tariffs are targeting Chinese products such as industrial machinery, medical devices and auto parts.

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