Business Standard

Tuesday, December 24, 2024 | 06:10 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Consumers wary as China hits back with $35 billion trade war tariffs

On social media platform Weibo, word went around of a ship speeding toward China to beat the tariffs on its precious cargo: American soybeans

US China
Premium

US China

Raymond Zhong | NYT Shanghai
Accusing the United States of “typical trade bullying,” China on Friday imposed $34 billion in retaliatory tariffs on American soybeans, cars and other products, suggesting dim prospects for resolving a potentially bruising trade war between the two economic powerhouses.
 
As it has in the past, China used the moment to cast itself as a defender of the global trade order. Beijing officials portrayed Trump’s threats to tax as much as $450 billion worth of Chinese goods as a threat to global prosperity. China’s state-controlled news media echoed the sentiment.
 
But Chinese news outlets stopped short of language that

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in