Chinese Ministry of Commerce (MOFCOM) said on Tuesday, April 8, that it has received information that the US has threatened to impose 50% additional fees on China. The Ministry strongly opposed this threat, saying, “If the US increases the fee, China will firmly retaliate to protect its rights and interests.”
China said that America’s plan to impose ‘reciperook tariff’ is an attempt to create baseless and unilateral pressure. The Ministry also clarified that whatever steps taken by China are completely legal and justified and its purpose is to protect the interests of its country’s sovereignty, security and development.
America’s blackmail policy & nbsp;
Ministry spokesperson said, "The US threatening to increase the fee is based on a major wrong step and it again reveals the US policy of blackmail. China will never accept it. If America is adamant on its stubbornness, then China will fight till the last. ‘
China also reiterated that no one is going to win in the trade war and there is no solution to protectionism. China appealed to the US to immediately improve its wrong policies, remove all unilateral fees and stop pressing China’s economy and trade. China also said that both countries should resolve their differences through equal dialogue on the basis of mutual respect. & Nbsp;
what is the case & nbsp;
US President Donald Trump posted on social media, saying that China has imposed an additional 34 percent fee on the high fee already imposed. Trump accused China of unfair trade practices, such as illegal subsidy and currency manipulation. He warned that if a country imposes new fees on America, it will answer with more high tariffs than before.