China responded to the threat of new tariffs from the United States
by vowing Tuesday to further open its own markets to foreign trade and
investment, while warning that a trade war between the two nations would
hurt both sides.
President Trump is preparing to impose a package of $60 billion in annual tariffs against Chinese products, a move that he says will punish China for intellectual property theft and create more U.S. jobs, administration officials say. He is determined to bring down the U.S. trade deficit with China, which reached $375 billion last year.
But China’s premier, Li Keqiang, said the issue should be solved through dialogue and negotiation.
“No one will emerge a winner from a trade war,” Li told a news conference at the conclusion of China’s annual parliamentary session. “What we hope is for us to act rationally instead of being led by emotions.”
Read more: China reacts to Trump's tariffs by vowing to open its markets further - The Washington Post
President Trump is preparing to impose a package of $60 billion in annual tariffs against Chinese products, a move that he says will punish China for intellectual property theft and create more U.S. jobs, administration officials say. He is determined to bring down the U.S. trade deficit with China, which reached $375 billion last year.
But China’s premier, Li Keqiang, said the issue should be solved through dialogue and negotiation.
“No one will emerge a winner from a trade war,” Li told a news conference at the conclusion of China’s annual parliamentary session. “What we hope is for us to act rationally instead of being led by emotions.”
Read more: China reacts to Trump's tariffs by vowing to open its markets further - The Washington Post
