""China's stance is consistent," the Commerce Ministry said in a statement posted online. "We do not want a tariff war but we are not afraid of one." It was China's first official comment on Trump's threat to jack up the tax on imports from China by Nov. 1 in response to new Chinese restrictions on the export of rare earths, which are vital to a wide range of consumer and military products."
""Frequently resorting to the threat of high tariffs is not the correct way to get along with China," the Commerce Ministry said in its post, which was presented as a series of answers from an unnamed spokesperson to four questions from unspecified media outlets. The statement called for addressing any concerns through dialogue. "If the U.S. side obstinately insists on its practice, China will be sure to resolutely take corresponding measures to safeguard its legitimate rights and interests," the post said."
China signaled it would not back down against a threatened 100% U.S. tariff and urged the United States to resolve differences through negotiations rather than threats. The Commerce Ministry said China did not want a tariff war but was not afraid of one and warned it would take corresponding measures to safeguard its legitimate rights and interests if the U.S. persisted. The comment followed Trump's threat to raise import taxes in response to Chinese limits on rare earth exports, which are critical for a wide range of consumer and military products. Both sides accuse the other of violating a truce by imposing new trade restrictions.
Read at www.npr.org
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