×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Skip to main content
Tags: chinese ambassador | warns | trade war | donald trump | tariffs

Chinese Ambassador Warns of 'Trade War' Over Trump Tariffs

Chinese Ambassador Warns of 'Trade War' Over Trump Tariffs
China's Ambassador to the U.S. Cui Tiankai (Misha Friedman/Getty Images)

Thursday, 22 March 2018 07:27 PM EDT

China's ambassador to the U.S. warned Donald Trump the Asian nation would return fire on tariffs the U.S. president announced, saying the American middle class would pay the price.

"We don't want a trade war," Chinese ambassador Cui Tiankai said in a video posted to the embassy's Facebook page. "But we are not afraid of it."

The president instructed U.S. Trade Representative Robert Lighthizer to levy tariffs on at least $50 billion of Chinese imports, citing allegations China violates U.S. intellectual property. Trump signed an executive memo issuing the instructions on Thursday at the White House. Within 15 days, USTR will come up with a proposed list of products that will face higher tariffs.

Cui said accusations of intellectual property violations are "groundless" and his country "will certainly fight back and retaliate. If people want to play tough, we will play tough with them and see who will last longer. "

Cui said Trump's trade sanctions against China make "no economic sense" because the escalating conflict "will affect the daily life of American middle-class people, the balance sheet of American companies and the indexes of the financial market."

The Chinese embassy in Washington later echoed Cui's comments in a written statement, calling Trump's tariffs "self-defeating."

"China does not want a trade war with anyone. But China is not afraid of and will not recoil from a trade war," the embassy said in a statement sent to reporters. "If a trade
war were initiated by the U.S., China would fight to the end to defend its own legitimate interests with all necessary measures."

© Copyright 2022 Bloomberg News. All rights reserved.


Politics
China's ambassador to the U.S. warned Donald Trump the Asian nation would return fire on tariffs the U.S. president announced, saying the American middle class would pay the price.
chinese ambassador, warns, trade war, donald trump, tariffs
262
2018-27-22
Thursday, 22 March 2018 07:27 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved