Donald Trump threatens ‘retaliation’ if China targets US farmers
China announces retaliatory tariffs on $60bn in US goods, including aircraft, computers, beef and wine, and files a complaint with the World Trade Organisation
Washington — President Donald Trump threatened to hit back if China targets politically potent US agricultural products for countertariffs, following an escalation in his trade war with Beijing. "There will be great and fast economic retaliation against China if our farmers, ranchers and/or industrial workers are targeted!" Trump said in a tweet on Tuesday morning.
Trump ordered his administration to levy 10% tariffs on about $200bn in Chinese goods next week and to more than double the rate in January 2019 if Beijing refuses to offer trade concessions. China said it would retaliate for the latest round of duties, which come on top of a 25% tariff already imposed on about $50bn in Chinese goods. That includes retaliatory tariffs on $60bn in US goods that will take effect on September 24, China’s ministry of finance said on Tuesday. China has also filed a complaint with the World Trade Organisation over the US tariffs. Beijing’s plans for tariffs on $60bn of US goods includes a...
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