Chinese state media has accused US of a “mobster mentality” in its move to implement additional tariffs on Chinese goods, and warned Beijing had all the necessary means to fight back.
The China Daily’s comments mark heightening of tensions between the world’s two largest economies over a trade dispute. It is already affecting industries ranging from steel to cars and causing unease over which products could be targeted next.
The China-US trade ties have been suffered at a time US sanctions against Iran were imposed just two days ago while Washington has also announced its decision to impose new sanctions on Russia for its alleged role in poison attack on former Russian spy in United Kingdom.
The China Daily, in its editorial published on Thursday, said, “The two countries’ trade conflict, which is merely push and shove at the moment, is likely to escalate into more than just a scuffle if the U.S. administration cannot marshal its mobster mentality.”
According to official Xinhua news agency, on Wednesday, China has decided to impose additional duties of 25 percent on the 16-billion dollar US products after making proper adjustments to the second part of a list of the products subject to the tariffs. The tariff approved by the State Council will be implemented from August 23.
Meanwhile state broadcaster CCTV said on its Thursday early morning show, “China has confidence in protecting its own interests, has many means.”
So far, China has now either imposed or proposed tariffs on $110 billion of U.S. goods, representing the vast majority of its annual imports of American products. Big-ticket U.S. items that are still not on any list are crude oil and large aircraft.
People’s Daily also published a commentary, written by China Institute of International Studies research fellow Jia Xiudong said the US was trying to “suppress China’s development”.