China raises its retaliatory tariff on the US to 84% as it vows to ‘fight to the end’
Trade,Tariffs,China,United States
China again vowed to “fight to the end” Wednesday in an escalating trade war with the U.S. as it announced it would raise tariffs on American goods to 84% from Thursday.
Beijing also added an array of countermeasures after U.S. President Donald Trump raised the total tariff on imports from China to 104%. Beijing said it was launching an additional suit against the U.S. at the World Trade Organization and placed further restrictions on American companies’ trade with Chinese companies.
“If the U.S. insists on further escalating its economic and trade restrictions, China has the firm will and abundant means to take necessary countermeasures and fight to the end,” the Ministry of Commerce wrote in a statement introducing its white paper on trade with the U.S.
The government declined to say whether it would negotiate with the White House, as many other countries have started doing.
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