World

China state media blasts US after Donald Trump threats

Chinese state media on Monday blasted the United States after U.S. President Donald Trump announced additional tariffs on goods from China and lashed out at China and ordered U.S. companies to find “alternatives” to China.

The world’s two largest economies have been locked in an increasingly bitter trade war which has seen them level tariffs on each other’s exports.Trump announced an additional duty on some $550 billion in targeted Chinese goods on Friday, hours after China unveiled retaliatory tariffs on $75 billion worth of U.S. goods. However he appeared on Sunday to back off on his threat to order U.S. companies out of China.

The official China Daily said in an editorial that Washington would “never be allowed to control China’s fate”.

“It has become unquestionably clear that his administration’s tariff war against China is politically motivated. What Washington wants from its largest trade partner is for it to be content to play second fiddle and meekly do as it demands,” the English-language paper wrote in an editorial.

“Washington has again taken the initiative to escalate the fight in the hope that Beijing will throw in the sponge as early as possible. But Beijing regards the trade war as an unavoidable trial by fire, from which the country will emerge stronger.”

The Global Times, a widely-read tabloid published by the ruling Communist Party’s official People’s Daily, said leaving the Chinese market would be “suicide” for U.S. companies, especially for auto firms.

“U.S. companies are welcome to invest and operate in the Chinese market, but if some US companies want to obey Trump’s order and join Washington’s trade war, the result is bleak. A decision to give up the Chinese market is just suicide,” the paper said in its editorial.

The trade war has damaged global growth, upset allies, and raised market fears that the world economy will tip into a recession.

Asian shares sank on Monday as the latest salvo in the Sino-U.S. trade war shook confidence in the world economy and sent investors steaming to the safe harbours of sovereign bonds and gold, while slugging emerging market currencies.

8 Comments

8 Comments

  1. Pingback: 마사지

  2. Pingback: 메이저바카라

  3. Pingback: How To Use Wealthy Affiliate 2020

  4. Pingback: replica watches maryland

  5. Pingback: can you take rolex replica in water

  6. Pingback: panerai knockoff

  7. Pingback: دردشة بدون تسجيل دخول

  8. Pingback: สินเชื่อ สุรินทร์

Leave a Reply

Your email address will not be published.

one × four =

News is information about current events. News is provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, and also on the testimony of observers and witnesses to events. It is also used as a platform to manufacture opinion for the population.

Contact Info

Address:
D 601  Riddhi Sidhi CHSL
Unnant Nagar Road 2
Kamaraj Nagar, Goreagaon West
Mumbai 400062 .

Email Id: [email protected]

Middle East

IND SAMACHAR
Digital Media W.L.L
Flat: 11, 1st floor, Bldg: A – 0782
Road: 0123, Block: 701, Tubli
Kingdom of Bahrain

Office Address

251 B-Wing,First Floor,
Orchard Corporate Park, Royal Palms,
Arey Road, Goreagon East,
Mumbai – 400065.

Download Our Mobile App

IndSamachar Android App IndSamachar IOS App
To Top
WhatsApp WhatsApp us