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CN Said to Counter U.S. with At Least 6 Measures
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U.S. President Donald Trump threatened on 7 April to levy an additional 50% tariff on China. In response, a spokesperson from China’s Ministry of Commerce stated that countermeasures would be taken and that China would fight to the end. The self-media account "Niu Tan Qin (literal translation of "牛彈琴")", founded by Liu Hong, deputy editor-in-chief of Xinhua Net, cited the latest sources, revealing that China has prepared at least six countermeasures. These include considerably raising tariffs on U.S. agricultural products such as soybeans and sorghum, banning imports of U.S.-produced poultry, suspending bilateral fentanyl cooperation, implementing countermeasures in the service trade sector to restrict U.S. companies’ business cooperation, reducing or even banning imports of U.S. films, and investigating the intellectual property profits of U.S. companies in China. AAStocks Financial News |
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