The Chinese government on Wednesday says it is ready to fight back if the united states wants to ignite a trade war that will affect chinese companies.
China lashed out at Washington’s unexpected statement that it would press ahead with tariffs and restrictions on investments by Chinese companies.
The United States said on Tuesday that it still held the threat of imposing tariffs on $50 billion of imports from China and would use it unless Beijing addressed the issue of theft of American intellectual property.
The declaration came after the two sides had agreed earlier this month to look at steps to narrow China’s $375 billion trade surplus with America, and days ahead of a visit to Beijing by U.S. Commerce Secretary Wilbur Ross for further negotiations.
William Zarit, chairman of the American Chamber of Commerce in China, said Washington’s threat of tariffs appeared to have been “somewhat…
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