China’s Commerce Ministry: Will never accept the “blackmail nature” of the US
Source Fxstreet
The Chinese Commerce Ministry issued a statement on Tuesday in response to the latest US threat to escalate tariffs on China.
Key quotes
The US threatens to escalate tariffs on China, “which is a mistake on top of a mistake”.
China will never accept the “blackmail nature” of the US.
Urge the United States to immediately rectify its ‘wrong practices’, cancel all unilateral tariff measures against China.
Firmly opposes and will take countermeasures if the US enacts additional 50% tariffs.
If the US side is bent on having its own way, the Chinese side will follow it to the end.
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