China says will hit back after US proposes fresh tariffs on $200 bln in goods

By: Reuters | Beijing, Washington |
Published: July 11, 2018 10:31:34 pm

Investors fear an escalating Sino-US trade war could hit global growth and damage sentiment. (File)

China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods.

China’s commerce ministry said on Wednesday it was “shocked” and would complain to the World Trade Organisation, but did not immediately say how it would retaliate. In a statement, it called the US actions “completely unacceptable”.

The foreign ministry described Washington’s threats as “typical bullying” and said China needed to counter-attack to protect its interests.

“This is a fight between unilateralism and multilateralism, protectionism and free…

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