China said Friday that it is considering tariff increase on imports of some products from the United States to make up for losses caused by the U.S. tariff on steel and aluminum imports from China.
U.S. bullying poses threat to global trade
Despite warnings from business groups and trade experts, U.S. President Donald Trump on Thursday signed a presidential memorandum that could impose tariffs on up to 60 billion U.S. dollars of imports from China, the latest unilateral move that poses a threat to global trade.
U.S. industries stand to lose if Trump imposes tariffs on Chinese imports
Had Levi Strauss & Co., a famous jeanswear manufacturer, not expanded its business into emerging markets including China, Russia and India around 2011, it would have still been enduring a rough time at home in the heavily competitive retail market of casual pants.
China to take necessary measures against U.S. protectionism
China will "take all necessary measures" to defend its rights and interests, an official with the Ministry of Commerce said Thursday, responding to media reports that the United States will soon release results of a Section 301 investigation against China.