Caixin
Aug 03, 2018 12:25 AM
ECONOMY

China Is Prepared to Retaliate Against Trump’s Threatened Tariffs

Trump threatened Wednesday to double proposed tariffs on $200 billion worth Chinese imports. Photo: VCG
Trump threatened Wednesday to double proposed tariffs on $200 billion worth Chinese imports. Photo: VCG

* “The carrot and stick tactic won’t work,” the Chinese Ministry of Commerce said

* Statement came after Trump threatened to more than double proposed tariffs on $200 billion of Chinese goods imported annually

China vowed to strike back after U.S. President Donald Trump threatened to double proposed tariffs on $200 billion of Chinese imports in an escalating trade war between the world’s two largest economies that rattled stock markets.

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