China’s state media have urged the international business community, including American businesses, to oppose US President Donald Trump’s threats of new billion-dollar tariffs on Chinese goods.
The Chinese ruling Communist Party’s official People’s Daily urged the US industrial and commercial sectors on Sunday to rally against Trump’s plans for an additional $100 billion in tariffs against Chinese goods.
The daily called on “the international business community, including the United States industrial and commercial circles, to take prompt and effective measures and urge the US government to correct its errors.”
It also said that Chinese sectors would bond together to support any government action against the tariffs.
Trump initiated what has become a full-blown trade war when he imposed heavy tariffs on steel and aluminum imports from China in March.
China warned against the implementation of the tariffs, but when the US implemented them anyway, Beijing responded by introducing tariffs of its own on a number of American goods.
Then on Thursday, the US president said in a White House statement that he had directed trade officials to “consider whether $100 billion of additional tariffs would be appropriate,” in what was considered a tacit threat against Beijing.
China has repeatedly warned against a trade war but has also consistently said that it is ready to fight one if Trump proceeds with his protectionist measures.
The People’s Daily described the trade war as a US measure challenging free trade and a battle between “bridges and walls” that “China is ready to fight till the bitter end.”
Other countries, including ones in Europe, have also warned against Trump’s protectionist measures, which affect them as well.
Analysts say the trade war will impact America more than China because of differences in the two countries’ governance structures.
Shi Yinhong, a professor of international relations at Renmin University in Beijing, said, “Wall Street is not happy, and this is damaging for Mr. Trump at home.” He said that the trade war “will hurt both countries, but in the US, this could hurt the Republican Party in the November midterm elections. China does not have this problem.”
source: press tv