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China state media condemn U.S. tariffs, leave room for negotiation – Breaking News




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Breaking news.
(photo credit: JPOST STAFF)


SHANGHAI – China responded forcefully in state media on Saturday after the administration of US President Donald Trump said it would impose tariffs on $50 billion of Chinese imports, but some commentary left room for further negotiations.

Late on Friday, China said it would impose additional 25 percent tariffs on 659 US goods worth $50 billion, in response to the US imposition of tariffs.

“The wise man builds bridges, the fool builds walls,” the official Xinhua news agency said in an editorial, echoing official comments that China would defend its interests in a trade war.

“Following the path of expanding and opening up is China’s best response to the trade dispute between China and the United States, and is also the responsibility that major countries should have to the world,” it added.

An editorial in the ruling Communist Party’s official People’s Daily condemned what it called the Trump administration’s “obsession with playing the disgraceful role of global economic disruptor.”

It added, “There is no winner in a trade war, and the US instigation of a trade war is extremely destructive to global trade, economic globalization, multilateral trade systems and global production supply chains.

“The whole world will be picking up the bill for the mistaken acts of US unilateralism.”







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