China slams Trump's 'mobster mentality,' promises $16 billion counter-punch as trade war escalates - Creak News

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China slams Trump's 'mobster mentality,' promises $16 billion counter-punch as trade war escalates

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trump xi trade war china usREUTERS/Fred Dufour/Pool; Alex Wong/Getty Images

  • Chinese state media on Thursday accused the United States of a "mobster mentality" in its move to implement additional tariffs on Chinese goods.
  • Beijing on Wednesday said it would slap additional tariffs of 25 percent on $16 billion worth of U.S. imports, in retaliation the US's plans to begin collecting 25 percent extra in tariffs on $16 billion of Chinese goods from Aug. 23.
  • China should consider "unconventional methods" to fight back, state media said. 

SHANGHAI (Reuters) - Chinese state media on Thursday accused the United States of a "mobster mentality" in its move to implement additional tariffs on Chinese goods, and warned Beijing had all the necessary means to fight back.

The comments mark a ratcheting up in tensions between the world's two largest economies over a trade dispute, which is already impacting industries ranging from steel to cars and causing unease over which products could be targeted next.

See the rest of the story at Business Insider

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