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China accuses U.S. of 'trade bullyism', imposes tariffs

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Staff Writer | September 25, 2018
China accused the U.S. government Monday of "trade bullyism" and responded to Washington by beginning to implement $60 billion retaliatory tariffs on American goods.
China import
Trade war   The two countries are at different stages of development
After Washington's $200 billion of additional tariffs on Beijing have taken effect at midnight, Chinese state-owned news outlet Xinhua published an article citing a white paper by China's State Council.

Stressing that U.S.-Chinese trade relations have been "mutually-beneficial," the white paper said American policies would damage China and the global economy.

"The two countries are at different stages of development and have different economic systems, and therefore some level of trade friction is only natural," it said, adding "the new administration of the U.S. government has trumpeted 'America First' since taking office in 2017."

"It has brazenly preached unilateralism, protectionism and economic hegemony, making false accusations against many countries and regions, particularly China, intimidating other countries through economic measures such as imposing tariffs, and attempting to impose its own interests on China through extreme pressure," it added.


 

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