China Vows to Implement ‘Necessary Countermeasures’ in Response to Donald Trump’s US Tariff Increase
China almost instantly vowed to implement the “necessary countermeasures” in response to the United States’ decision to increase tariffs on US$200 billion of Chinese goods to 25 per cent on Friday, reiterating its tough stance in the trade war, SCMP reports.
“China deeply regrets that the US has decided to increase the tariffs from 10 per cent to 25 per cent on US$200 billion worth of China goods exported to the United States,” the Ministry of Commerce said in a statement released minutes after the new US tariff level came into effect.
“We’ll have no choice but to take the necessary countermeasures.”
The statement did not specify what steps would be implemented after the US followed through with the threat issued by US President Donald Trump earlier this week
- China Hopes U.S. Will Create Conditions Necessary for September Trade Talks China hopes the United States can cancel the planned additional tariffs to avoid an escalation in the trade war, its commerce ministry spokesman, Gao Feng, told reporters on Thursday.
- Oil Drops as Recession Risks Mount with Trade War Tariffs Brent crude was down 54 cents, or 0.9%, at $58.80 a barrel by 0538 GMT, having earlier touched $58.24, the lowest since Aug. 15.
- Malaysia's Mahathir Proposes Common East Asia Currency Pegged to Gold “In the Far East, if you want to come together, we should start with a common trading currency, not to be used locally but for the purpose of settling of trade,” he said at the Nikkei Future of Asia...
- Singapore Dethrones U.S. as World's Most Competitive Economy The U.S. fell two spots as the confidence boost from tax cuts faded and high-technology exports weakened.
- US-China Trade Talks end Without Agreement “The relationship between [Chinese] President Xi [Jinping] and myself remains a very strong one, and conversations into the future will continue. In the meantime, the United States has imposed Tariffs...
Bako Sahakyan Received Representatives of the "My Step Foundation"
Pashinyan Reiterates Position on Acceptable Karabakh Resolution
Artsakh Republic Parliament Speaker Invites Alexis Ohanian to Visit Artsakh
Artsakh Republic President Attended a Solemn Opening Ceremony of a Capitally Renovated School in Kashatagh
Hassan Rouhani Is Expected in Yerevan on October 1: Pashinyan
Armenia's President Signs Decree to Dismiss NSS Chief
A Historic Agreement between Serbs and Albanians Is the Only Way to Achieve Lasting Peace: Serbian Prime Minister
National Security Service Director of Armenia Resigns
Trump Denies Media Reports He’s Willing to Meet With Iran With "No Conditions"
Iran Denies Launching Drone Attacks on Saudi Oil Facility
Trump: U.S. ‘Locked And Loaded’ For Response To Attack On Saudi Oil Sites
"Armenia has been and Remains a Crossroad of Civilizations" – President Sarkissian
Trump Authorizes Release of Emergency Oil Reserve "if Needed" after Attack on Saudi Oil Sites
Kim Jong-un Proposes Trump to Meet in Pyongyang – Report
Armenian Zohrab Mnatsakanyan Kicks off Official Visit to Lithuania
Vanadzor-Alaverdi-Bagratashen Highway is Closed for Truck Traffic
Karina Ignatyan to Represent Armenia at Junior Eurvision 2019
Bako Sahakyan Took Part at a Baptize Ceremony of the April War Martyr's Relatives
Nikol Pashinyan Offers Condolences to Aram I, Catholicos of the Great House of Cilicia, in Connection with the Demise of his Mother
Weather Forecast in Armenia: The Temperature Will Gradually Go Up By 4-5 Degrees.
Famous Russian Singer Lyubov Uspenskaya Performed an Armenian Song in Azerbaijan (VIDEO)
The Government Dismisses the Mayors, then Beats the Deputies Elected by the People: Garo Paylan
Models and Celebrities Love Kim Kardashian's Vogue Arabia Cover
Commemoration of Sts. John the Baptist and Job the Righteous
Declaration on Proclamation of the Nagorno Karabakh Republic
Armenia PM: If Government Were Subjected to Pressure on Teghut Matter, Over 900 People Would Again Be Unemployed
Government Sets up Terms and Conditions for Affordable Long-Term Mortgage Lending for Contract Servicemen
Mine Exploitation Means 10-25 Blasts a Day, with Each Blast Raising 25 Tons of Dust: Ex-Governor of Vayots Dzor
Jerusalem Municipality Plans to Reconstruct the Armenian Patriarchate Road
Not Rejection But Eexpression of Ssovereignty: Armenia’s FM on PM’s Decision Not to Participate in Economic Forum in Poland
Wind: 8 km/h