China’s state media said on Saturday the government’s retaliatory tariffs on $60 billion of US goods showed rational restraint and they accused the United States of blackmail.
Late on Friday, China’s finance ministry unveiled new sets of additional tariffs on 5,207 goods imported from the United States, with the extra levies ranging from five to 25 per cent on a total value of goods less than half of that proposed by US President Donald Trump’s administration.
The response follows the Trump administration’s proposal of a 25 per cent tariff on $200 billion worth of Chinese imports. “China’s countermeasures are rational,” the Global