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China warns U.S. to stop 'wrong' trade actions or face consequences

China warns U.S. to stop 'wrong' trade actions or face consequences

26 Sept 08:21 Key points summarised by AI
  • China strongly opposes the U.S. decision to levy additional tariffs on $550 billion worth of Chinese goods, warning of consequences if Washington does not cease its 'wrong actions'.
  • The U.S. announced a 5% increase in duties after China retaliated with tariffs on $75 billion worth of U.S. goods, escalating the ongoing bilateral trade dispute.
  • China's Commerce Ministry condemned U.S. 'unilateral and bullying trade protectionism,' asserting it violates mutual respect and damages the multilateral trade system.
  • U.S. President Trump plans to raise existing tariffs on $250 billion of Chinese imports to 30% from October 1 and increase duties on another $300 billion to 15%.
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