Alwaght | News & Analysis Website

Editor's Choice

News

Most Viewed

Day Week Month

In Focus

World against US Recognizing Al-Quds as Israeli Capital

World against US Recognizing Al-Quds as Israeli Capital

undefined
Myanmar Committing Genocide, Ethnic Cleansing against Rohingya Muslims

Myanmar Committing Genocide, Ethnic Cleansing against Rohingya Muslims

undefined
Awamiyah: Saudi Regime Killing Own Civilians

Awamiyah: Saudi Regime Killing Own Civilians

undefined
Qatar Row Deepens Persian Gulf States Rifts

Qatar Row Deepens Persian Gulf States Rifts

undefined
Ansarullah

Ansarullah

A Zaidi Shiite movement operating in Yemen. It seeks to establish a democratic government in Yemen.
Shiite

Shiite

represents the second largest denomination of Islam. Shiites believe Ali (peace be upon him) to be prophet"s successor in the Caliphate.
Resistance

Resistance

Axis of Resistances refers to countries and movements with common political goal, i.e., resisting against Zionist regime, America and other western powers. Iran, Syria, Hezbollah in Lebanon, and Hamas in Palestine are considered as the Axis of Resistance.
Persian Gulf Cooperation Council

Persian Gulf Cooperation Council

A regional political u n i o n consisting of Arab states of the Persian Gulf, except for Iraq.
ISIS Terrorist Group

ISIS Terrorist Group

A terrorist group that fights against Resistance Axis in Syria and Iraq. It was founded & armed by America and its allies covertly.
Taliban

Taliban

Taliban is a Sunni fundamentalist movement in Afghanistan. It was founded by Mohammed Omar in 1994.
  Wahhabism & Extremism

Wahhabism & Extremism

Wahhabism is an extremist pseudo-Sunni movement, which labels non-Wahhabi Muslims as apostates thus paving the way for their bloodshed.
Kurds

Kurds

Kurds are an ethnic group in the Middle East, mostly inhabiting a region, which spans adjacent parts of Iran, Iraq, Syria, and Turkey. They are an Iranian people and speak the Kurdish languages, which form a subgroup of the Northwestern Iranian branch of Iranian languages.
NATO

NATO

The North Atlantic Treaty Organization is an intergovernmental military alliance based on the North Atlantic Treaty which was signed on 4 April 1949.
Islamic Awakening

Islamic Awakening

Refers to a revival of the Islam throughout the world, that began in 1979 by Iranian Revolution that established an Islamic republic.
Al-Qaeda

Al-Qaeda

A militant Sunni organization founded by Osama bin Laden at some point between 1988 and 1989
New node

New node

Map of  Latest Battlefield Developments in Syria and Iraq on
alwaght.com
News

China Vows to Fight Back US Trade War

Saturday 3 August 2019
China Vows to Fight Back US Trade War

Related Content

China Won’t Be Blackmailed’ with US Tariffs’ Hike

Alwaght- China warned that it is ready to fight back the US administration’s “irrational” decision to impose a new round of tariffs on Chinese goods.

Trump vowed on Thursday to slap a 10-percent tariff on $300 billion of Chinese imports come next month, taking to a whole new level the ongoing trade dispute between the world’s two biggest economies.

Zhang Jun, China’s new ambassador to the United Nations, denounced on Friday Trump’s move as “an irrational, irresponsible act” and urged Washington to “come back to the right track.”

The Chinese diplomat also signaled Beijing’s preparedness to take countermeasures.

“China’s position is very clear that if US wishes to talk, then we will talk, if they want to fight, then we will fight. We will never sacrifice our fundamental interests. We are not only fighting for China alone, we are also fighting for an open international economy, for free trade, for an open, non-discriminatory, and reliable multilateral trading system,” Zhang said.

“We definitely will take whatever necessary countermeasures to protect our fundamental right, and we also urge the United States to come back to the right track in finding the right solution through the right way,” he added.

Possible retaliatory measures by China could include tariffs, a ban on the export of rare earths, and penalties against US companies in China, according to analysts.

The new US tariffs, which would hit a wide range of consumer goods from cell phones and laptop computers to toys and footwear, are set to go into effect as of September.

Earlier on Friday, Chinese Foreign Ministry spokeswoman Hua Chunying also said Beijing would not be blackmailed and was instead holding firm to its position in the protracted trade war with Washington.

"We won't accept any maximum pressure, intimidation or blackmail," Hua told a news briefing in the Chinese capital.

"On the major issues of principle we won't give an inch," she said, adding that China hoped the US would "give up its illusions" and return to negotiations based on mutual respect and equality.

Trump has also threatened to further raise tariffs if Chinese President Xi Jinping fails to move more quickly to strike a trade deal with Washington.

Trade talks between the US and China collapsed in May after US officials accused China of pulling back from earlier commitments. Washington sharply hiked tariffs on $200 billion worth of Chinese goods and Beijing retaliated, escalating the trade dispute.

A new round of high-level economic and trade consultations was kicked off in the Chinese capital on Thursday.

US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer returned from Shanghai this week without reporting much progress. The sides both said they’d meet again in early September in Washington for the next round of negotiations.

Trump had previously threatened to impose 25-percent tariffs on the remaining $300 billion in Chinese imports, prompting warnings from Walmart and other major US retailers of a sharp spike in consumer prices.

During the 2016 presidential campaign, Trump repeatedly referred to China as the "enemy" who cost Americans jobs, spied on US businesses, and stole US technology.

 

Tags :

China US Trade War

Comments
Name :
Email :
* Text :
Send

Gallery

Photo

Film

Iranian People rally in Several Cities to Protest against Rioters

Iranian People rally in Several Cities to Protest against Rioters