US President Donald Trump has threatened to levy a 10% tariff on $200bn (£151bn) of Chinese goods in a tit-for-tat trade row with Beijing.
âChina apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology,â Trump said, âRather than altering those practices, it is now threatening United States companies, workers, and farmers who have done nothing wrong.â
Trump added: âThese tariffs will go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced.â
Trump said if China responded to this fresh round of tariffs, then he would move to counter âby pursuing additional tariffs on another $200bn of goodsâ.
Trumpâs comments came hours after the top US diplomat accused China of engaging in âpredatory economics 101â and an âunprecedented level of larcenyâ of intellectual property.
Last week Trump announced the US would impose 25% tariffs on $50bn worth of Chinese goods.
Beijing responded by saying it would hit 659 US goods worth $50bn with a similar tax.
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