China Accuses US of ‘Double Standards’ Over Tariff Threat
Donald Trump's latest threat to impose an additional 100% tariff on Chinese goods is "a typical example of US double standards", China's government has said.
A commerce ministry spokesperson also said China could introduce its own unspecified "countermeasures" if the US president carries out his threat, adding it was "not afraid" of a possible trade war.
On Friday, Trump hit back at Beijing's move to tighten its rules for rare earths exports, accusing it of "becoming very hostile" and trying to hold the world "captive". He also threatened to pull out of a meeting with China's President Xi Jinping later this month.
But on Sunday, Trump wrote: "Don't worry about China, it will all be fine!"
"Highly respected President Xi just had a bad moment. He doesn't want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!!" Trump said in a post on social media, without elaborating further.
Trump's comments on Friday rattled financial markets, with the S&P 500 share index closing down 2.7%, its steepest fall since April.
On Monday, the Shenzhen Composite Index in mainland China closed 0.74% lower, while Hong Kong's Hang Seng shed 1.5%.
The president's words renewed fears of a trade war between the US and China.
"Highly respected President Xi just had a bad moment. He doesn't want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!!" Trump said in a post on social media, without elaborating further.
Trump's comments on Friday rattled financial markets, with the S&P 500 share index closing down 2.7%, its steepest fall since April.
On Monday, the Shenzhen Composite Index in mainland China closed 0.74% lower, while Hong Kong's Hang Seng shed 1.5%.
The president's words renewed fears of a trade war between the US and China.
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