BEIJING - China on Saturday angrily hit out at the latest US tariff hikes on its goods, saying a "bullying" Washington would eventually "eat its own bitter fruit".
Trump on Friday increased existing and planned tariffs on a total of $550 billion in Chinese goods, in response to new tit-for-tat levy hikes announced earlier that day by Beijing on $75 billion of US imports. The tariff increase "seriously undermines the multilateral trading system and the normal international trade order, and the US will surely eat its own bitter fruit.
By the end of the year, the feud will affect nearly all imports and exports between the two countries, with US companies -- many of whom rely on China for inputs -- particularly worried by the rapidly changing conflict.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ANCALERTS - 🏆 26. / 50 Read more »
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Source: manilabulletin - 🏆 25. / 51 Read more »
Source: ANCALERTS - 🏆 26. / 50 Read more »
Source: manilabulletin - 🏆 25. / 51 Read more »