American 'Tariff War' is facing China with many against remedies

Beijing, April 5 (IANS). The US government has announced that they will impose ‘mutual tariff’ on all business partners. China immediately expressed its desire to repay and protect its valid rights and interests. Several retaliation measures of China have been implemented, including the 34 percent rates on all goods imported from the US, apply to the US for related practices under the World Trade Organization dispute mechanism and add it to the export checklist to many US institutions. Once this news came to light, the US share term market has dropped drastically, Dow Jones Index Futures, Nasdaq 100 Index Futures and S&P 500 Index Futures all recorded a drop of more than 3 percent. Market analysts are concerned that if the US government does not change its tariff policy, US economic growth will delay. As for the trade war and the tariff war, China has long ago made it clear that China does not want to fight but is not afraid to fight and China will have to fight if needed. The US has claimed to have suffered a loss in international trade and announced 34 percent ‘mutual tariff’ on China on the basis of such ‘mutual’ mutual ‘. It violates the principle of the most preferred nation of the World Trade Organization, China’s legal right to development weakens, as well as a unilateral threatening practice. (Sincerely- China Media Group, Beijing) -Ins ABM/ Share these Story Tags