China state media: Countermeasures Beijing is taking against US tariffs could routine

18-Jun-2019 Intellasia | Forexlive | 10:16 AM Print This Post

Taoran Notes, a social media account affliliated with China’s Economic Daily, also plays down that trade negotiations later this month, will get back on track

The Chinese state media has warned that countermeasures Beijing is taking against increased tariffs and technology containment strategy could “become routine”.

Also Taoran Notes, a social media account that is affiliated with official newspaper Economic Daily, played down the expectations that end of month meeting between US and China will be able to get the trade negotiations back on track.

The site said China could impose bans on US companies supplying technology to Huawei and restrictions on rare earths for which technology is reliant upon.

Pres. Trump said on Friday that is doesn’t matter if China’s Xi meets with him at the G 20 meeting later in the month because the US is taking in billions of dollars a month from tariffs (debateable but ok). He added that “Eventually, they are going to make a deal because they’re going to have to.”.

https://www.forexlive.com/news/!/china-state-media-countermeasures-beijing-is-taking-against-us-tariffs-could-routine-20190616

 


Category: China

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