{"id":36783,"date":"2018-07-11T12:15:08","date_gmt":"2018-07-11T12:15:08","guid":{"rendered":"http:\/\/punjabnews24.com\/?p=36783"},"modified":"2018-07-11T12:15:08","modified_gmt":"2018-07-11T12:15:08","slug":"china-says-tit-for-tat-tariffs-will-destroy-us-china-trade","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/china-says-tit-for-tat-tariffs-will-destroy-us-china-trade\/","title":{"rendered":"China says tit-for-tat tariffs will &#8216;destroy&#8217; US-China trade"},"content":{"rendered":"<p>Beijing<br \/>\nChina on Wednesday said tit-for-tat tariffs will &#8220;destroy&#8221; trade between the world&#8217;s top two economies, after Washington fired the next shot in a ballooning trade war, readying fresh levies on US$ 200 billion in Chinese goods.<\/p>\n<p>&#8220;The outburst of large-scale mutual levying of tariffs between China and the United States will inevitably destroy Sino-US trade,&#8221; assistant minister of commerce Li Chenggang told a forum in Beijing.<\/p>\n<p>US policy &#8220;actually interferes with the process of economic globalisation&#8221; and &#8220;damages the world economic order,&#8221; charged Li.<\/p>\n<p>On Friday, the US imposed 25-per cent tariffs on around US$ 34 billion in Chinese goods, sparking an immediate dollar-for-dollar retaliation from Beijing.<\/p>\n<p>Washington today announced it was starting the process to slap 10-per cent tariffs on another USD 200 billion in Chinese export goods as soon as September.<\/p>\n<p>Analysts have warned that a spiralling trade war between the world&#8217;s two financial powerhouses could have a damaging impact on the global economy.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Beijing China on Wednesday said tit-for-tat tariffs will &#8220;destroy&#8221; trade between the world&#8217;s top two economies, after Washington fired the next shot in a ballooning trade war, readying fresh levies on US$ 200 billion in Chinese goods. &#8220;The outburst of large-scale mutual levying of tariffs between China and the United States will inevitably destroy Sino-US [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":36784,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[87],"tags":[],"class_list":["post-36783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/36783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=36783"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/36783\/revisions"}],"predecessor-version":[{"id":36785,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/36783\/revisions\/36785"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/36784"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=36783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=36783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=36783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}