China warns of retaliation if U.S imposes more trade penalties

U.S, China

China’s government says it will retaliate if the United States imposes new trade penalties, following a report that President Donald Trump’s administration would increase the tariff rate on an additional $200 billion of Chinese imports.

The Foreign Ministry Spokesman, Geng Shuang, said Beijing was ready for dialogue and consultation to defuse the escalating dispute.

“If the United States takes further measures that escalate the situation, China will definitely fight back. We are determined to safeguard our legitimate rights and interests.

“I need to stress that dialogues must be conducted on the basis of mutual respect and equality. “Unilateral threats and pressure will only be counterproductive,” said Geng.

It would be recalled that the United States government had on July 6 imposed additional 25 percent tariffs on $34 billion of Chinese goods .

Beijing also responded by imposing the same penalties on the same amount of U.S. imports.

Peace PIAK