Expert urges alliance against US tariffs
By Zhong Nan in Beijing and Wen Zongduo in Hong Kong | China Daily | Updated: 2019-06-03 07:53
China should seek allies among large trading powers whose products are subject to United States tariffs, as Washington's moves have significantly hurt the world economy, an expert recently suggested.
The comment follows the US increasing tariffs on $200 billion worth of Chinese goods on May 10 from 10 percent to 25 percent. In response, China raised tariffs to 25 percent on some products in a list of $60 billion worth of US goods starting Saturday.
"Both sides are taking a hard stance and neither is willing to back down," said Ei Sun Oh, a senior fellow at the Singapore Institute of International Affairs.
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