China says it may hike tariffs on U.S. goods in trade dispute - News Summed Up

China says it may hike tariffs on U.S. goods in trade dispute


It appealed for dialogue “to avoid damage to overall Chinese-U.S. co-operation.” Goods targeted for possible higher Chinese tariffs include wine, apples and ethanol, which would hit agricultural areas where voters supported Trump in the 2016 presidential election. The ministry said China bought about $1 billion worth of those goods last year. “We don’t want a trade war,” Chinese ambassador Cui Tiankai said in a video posted to the embassy’s Facebook page. Within 15 days, USTR will come up with a proposed list of products that will face higher tariffs. But China is not afraid of and will not recoil from a trade war,” the embassy said in a statement sent to reporters.


Source: thestar March 22, 2018 20:48 UTC



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