China is promising to fight back hard against President Trump’s tariffs — and is vowing that the US will not win the escalating trade war between the world’s two largest economies.
“China is confident that it will follow its own path and do its own things well, and will never waver in its stand on countering any provocations by the U.S. side,” the ruling Communist Party’s People’s Daily said in a commentary on Sunday.
The United States will not win the trade war because of the hardship higher tariffs will impose on its farmers and businesses, the paper said.
Beijing’s latest saber-rattling follows Trump’s “order” that US companies find “alternative to China” for doing business, and his announcement Washington will levy additional tariffs on $550 billion in Chinese goods.
China, in turn, has promised to impose new tariffs on $75 billion in US goods.
Trump is at the G-7 Summit in France, where Britain’s new Prime Minister, Boris Johnson, says he’ll ask the president to ease up on the trade war before it causes a global recession.
“Clearly the state of global trade, I’m very worried about the way it’s going. The growth of protectionism, of tariffs, that we’re seeing,” Johnson said, according to CNN.
“There are all sorts of people, who will take any excuse at all to interfere with free trade and to frustrate trade deals, and I don’t want to see that.”
Questioned if he would ask Trump directly not to escalate the trade war, Johnson told reporters, “You bet.”
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