China Says It’s Ready to Retaliate On Latest U.S. Tariff Threat

[edpc]

China said it was ready to retaliate against the latest threat by the U.S. to raise tariffs on its goods.

“China has made full preparation for the U.S. threats to escalate the trade war, and will have to retaliate to defend national pride and the people’s interests,” China’s Ministry of Commerce said in a statement Thursday on its website.

The Trump administration said this week that it’s considering increasing the proposed tariff on $200 billion in Chinese imports to 25 percent from 10 percent. President Donald Trump has asked U.S. Trade Representative Robert Lighthizer to consider hiking the duties, which could be implemented as early as next month.

https://www.yahoo.com/finance/news/china-says-ready-retaliate-latest-093956462.html

[edpc]

“ The U.S. is playing a carrot-and-stick tactic on China, but this approach is not going to work on China,” the ministry said.


Sounds like they're willing to dig in and take some pain - possibly dole out some of their own.  We'll see.

[darroll]

This would work in the old days, now it is so obvious that the game is rigged in their favor.

[Idiot]

China said it was ready to retaliate against the latest threat by the U.S. to raise tariffs on its goods.

“China has made full preparation for the U.S. threats to escalate the trade war, and will have to retaliate to defend national pride and the people’s interests,” China’s Ministry of Commerce said in a statement Thursday on its website.

The Trump administration said this week that it’s considering increasing the proposed tariff on $200 billion in Chinese imports to 25 percent from 10 percent. President Donald Trump has asked U.S. Trade Representative Robert Lighthizer to consider hiking the duties, which could be implemented as early as next month.

https://www.yahoo.com/finance/news/china-says-ready-retaliate-latest-093956462.html

I have cousin that works for MSFT in China.  Here's hoping they go after MSFT, so he can be shipped home...lol.

[IsailedawayfromFR]

China has not been trading with an even deck as its govt heavily subsidizes industries which compete with the free markets of the US.

The tariffs are justified on that basis alone, and we should not accept anything but the unequivocal cessation of that govt support before we suspend tariffs on Chinese goods.

[To-Whose-Benefit?]