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China to fight back against U.S. tariff move: People's Daily

EconomyAug 25, 2019 12:26AM ET
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BEIJING (Reuters) - China will fight back against the latest U.S. step to increase tariffs on Chinese goods, the ruling Communist Party's People's Daily said on Sunday amid an escalating trade war between the world's two largest economies.

"China is confident that it will follow its own path and do its own things well, and will never waver in its stand on countering any provocations by the U.S. side," the newspaper said in a commentary.

U.S. politicians, seeking to hamper China's economic development, still want to use the tactics of exerting maximum pressure on China that has achieved few results, the paper said.

The United States will not win the trade war because of the plight faced by its farmers and businesses, it said.

China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences if it does not end its "wrong actions".

U.S. President Donald Trump announced on Friday that Washington will impose an additional 5% duty on the Chinese goods, hours after Beijing announced its latest retaliatory tariffs on about $75 billion worth of U.S. goods in the latest tit-for-tat moves in their bilateral trade dispute.

The intensifying U.S.-China trade war stoked worries about a global economic recession.

China to fight back against U.S. tariff move: People's Daily
 

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Dunn Ng
Dunn Ng Aug 27, 2019 4:11AM ET
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Trump pumps then Xi dumps
Pujan Singh
Pujan Singh Aug 27, 2019 3:40AM ET
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God bless Trump. Unfair trade from china. We hate chinese goods. I hope maxumin goods be made outside china, like vietnam.
Silverbug 19
Silverbug 19 Aug 25, 2019 4:01PM ET
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Trump is for one reason to handle the bankruptcy of this nation. It is Congress that has racked up trillions in promises and debt that no nation could ever payoff. They just lifted the debt celling to infinity.
Andy Hsieh
Andy Hsieh Aug 25, 2019 2:14AM ET
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China is willing to sacrifice economic interest in the short run to maintain its long-term economic *** Whether the game is fair or not, China that masters the art of war is winning the war against the erratic Trump
Edward Chong
Edward Chong Aug 25, 2019 2:14AM ET
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i dont think so. unemployment is hitting the roof how long can they last is the question? factories are closing on a daily basis in Guangzhou.
Burt Fisher
Burt Fisher Aug 25, 2019 2:14AM ET
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China is deep in debt. And, since the US is China's major buyer, in a world of overproduction the buyer has the advantage, not the seller. China is a seller to only a few, if the US doesn't buy.
Jeff Chevalier
Jeff Chevalier Aug 25, 2019 2:14AM ET
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China sells to the world. Trump can keep raising tariffs but all its going to do is raise US prices. It will take YEARS to find alternative sources for Chinese products. And China knows it.
Tumelo Mash
Tumelo Mash Aug 25, 2019 2:05AM ET
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This war is total madness Trump is gonna lose this war.. China are no more staying quiet they are bringing the fight straight to his door step
Brad Dover
Brad Dover Aug 25, 2019 1:49AM ET
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China has been around 1000s of years...a demented old blowhard has no chance against time...China will just wait  the old man out...good bye economy
David Wong
David Wong Aug 25, 2019 12:59AM ET
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I told you guys... China is ready for a Long March. China ccx an olan decades out, but Trump's time is running short. That is why he got so frustrated Friday, and started tweeting right away. I think China is not playing around, they can go full force and collapse everyone and take all economic developement years back.
Jason Zou
Jason Zou Aug 25, 2019 12:43AM ET
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Brinkmanship does not work with China.
PRASHANT PATRE
PRASHANT PATRE Aug 25, 2019 12:40AM ET
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Some More bad news from HongKong and China to be expected Next Week.
Neetesh Jain
Neetesh Jain Aug 25, 2019 12:40AM ET
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what kind of news?
David Wong
David Wong Aug 25, 2019 12:40AM ET
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I think Fake News media here likes to *****things up. I watched alternative news, and things are not so bad there. There is a small group that keeps rioting, but they are getting locked up once they break laws. So I don't see anything bad. We have riots everywhere, not just Kong Hongs.
PRASHANT PATRE
PRASHANT PATRE Aug 25, 2019 12:40AM ET
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protest in Hongkong is going wild, China may impose more tarrif on US, FPI's will be net sellers due to global economy conditions.
PRASHANT PATRE
PRASHANT PATRE Aug 25, 2019 12:40AM ET
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what about the US -CHINA combat. For Trade.
Ashish Bhura
Ashish Bhura Aug 25, 2019 12:28AM ET
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One more bad news
 
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