Trump decide to increase 25% import customs taxes on Chinese goods
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- cnn.com
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- Dan
- Issue Time
- 2018-03-23
Summary
China does not want a trade war, but China is not afraid of a trade war. We are confident in our capability to face up to any challenge,
The US and China hit each other with billions of dollars in tariffs this week as the two countries edge closer to a trade war.
Trump decide to increase 25% import customs taxes on Chinese goods‼
Will execute it after 15 days‼ We don't know if it will including our products. Our product materials include aluminum and iron, such as Power Amplifier, Microphone, Processor.
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This is the first time the Trump administration has directly targeted China with big trade sanctions. Previous measures against steel, aluminum and solar panels have applied to imports from other countries too.
China has repeatedly said that it doesn't want a trade war but warned that it would take "firm and necessary" countermeasures if necessary.
It reiterated that message Friday. "China does not want a trade war, but China is not afraid of a trade war. We are confident in our capability to face up to any challenge," the Commerce Ministry said.