Trade bullying self-destructive
THE LATEST PROPOSED TARIFFS from the Trump administration underline its trade bullying and add fuel to the spiraling tensions in the trade war between the United States and China. Xinhua News Agency comments:
The Trump administration's efforts to slap tariffs on China and other major trading partners are destined to meet with retaliation worldwide as it continues to disregard the global rules, international supply chains and the multilateral trade framework.
The announcement on Tuesday that it is planning to impose tariffs on another $200 billion worth of Chinese imports, mainly agricultural and consumer products, in addition to the tariffs imposed last week on Chinese goods worth $34 billion, has further escalated the trade conflict between the world's two largest economies.