Loading
Breaking
Now Reading: TRADE WAR | China to fight back against U.S. tariff move – People’s Daily
TRADE WAR | China to fight back against U.S. tariff move – People’s Daily
August 25, 2019 , 03:00 PM

BEIJING, Aug 25 (Reuters) – China will fight back against the latest U.S. step to increase tariffs on Chinese goods, the ruling Communist Party’s People’s Daily said on Sunday amid an escalating trade war between the world’s two largest economies.

“China is confident that it will follow its own path and do its own things well, and will never waver in its stand on countering any provocations by the U.S. side,” the newspaper said in a commentary.

U.S. politicians, seeking to hamper China’s economic development, still want to use the tactics of exerting maximum pressure on China that has achieved few results, the paper said.

The United States will not win the trade war because of the plight faced by its farmers and businesses, it said.

China said on Saturday it strongly opposes Washington’s decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences if it does not end its “wrong actions”.

U.S. President Donald Trump announced on Friday that Washington will impose an additional 5% duty on the Chinese goods, hours after Beijing announced its latest retaliatory tariffs on about $75 billion worth of U.S. goods in the latest tit-for-tat moves in their bilateral trade dispute.

The intensifying U.S.-China trade war stoked worries about a global economic recession. (Reporting by Kevin Yao Editing by Paul Tait)

More From News5
Aksyon year-ender part 2: Politics
Electoral protest vs. VP Robredo, mga kaso ng pamilya Marcos at ang hatol sa Maguindanao Massacre ang ilan sa mga mainit na balitang nangibabaw ngayong taon.
Published On: January 7, 2020
US senator, inihirit ang patas na paglilitis kay Sen. De Lima
Pinayuhan naman ni Sen. Bong Go ang mga US senators na kumakampi kay Sen. Leila De lima na huwag makialam sa mga proseso sa Pilipinas. | via Ria Fernandez
Published On: January 7, 2020
Bakit kaya tutol si mommy sa relasyon ng kanyang anak at boyfriend nito?
Humingi ng tulong si Larry sa #WantedsaRadyo para maka-usap at makapiling ang bagong panganak niyang girlfriend na si Cladette. Ayaw daw kasi sa kanya ng pamilya ni Cladette lalo na ng kanyang biyenan na si nanay Eva. Makapiling pa kaya ni Larry ang kanyang mag-ina?
Published On: January 7, 2020
Pres. Duterte, wala pang napiling susunod na PNP chief
Inatasan muna ni Pres. Rodrigo Duterte si DILG Sec. Eduardo Año na hawakan ang pamumuno sa PNP.
Published On: January 7, 2020
SWS: 65% ng mga Pilipino, gustong tapusin ang martial law sa Mindanao
Una nang sinabi ni Defense Sec. Delfin Lorenzana na hindi niya inirekomenda kay Pres. Rodrigo Duterte na palawigin pa ang batas militar sa Mindanao.
Published On: January 7, 2020
Grocery shopping nina Raffy Tulfo at Alex Gonzaga
Top trending sa YouTube ang video ng pagsama ni Alex Gonzaga kay News5 anchor Raffy Tulfo sa isang grocery.
Published On: January 7, 2020
Rizal Day 2019
Pinangunahan ni Pres. Rodrigo Duterte ang paggunita sa Araw ni Rizal sa Digos, Davao del Sur. Habang si Mayor Isko Moreno naman ang nanguna sa pag-aalala nito sa Rizal Park.
Published On: January 7, 2020
US senators na kumampi kay Sen. De Lima, bawal na sa Pilipinas
Inutos ni Pres. Rodrigo Duterte na ipagbawal sa bansa ang dalawang US senators na nagsulong para bawalan din sa Amerika ang mga opisyal na may kaugnayan sa pagpapakulong kay Sen. Leila De Lima. | via Maricel Halili
Published On: January 7, 2020
Explainer | Visa Blues
Paano nga kaya kung ang mga Amerikano naman ngayon ang hihingan ng Philippine visa?
Published On: January 7, 2020
Kahulugan ng kantang '214,' ipinaliwanag ni Rico Blanco
"The Proposal" daw talaga ang title sana ng kanyang original composition pero binago niya ito.
Published On: January 7, 2020
Top Stories
TRIAL DEFENSE | Trump adds seasoned lawyers to impeachment team
WASHINGTON, Jan 17 (Reuters) – President Donald Trump turned to some legal heavyweights to help defend him in his Senate impeachment trial wi
Published On: January 18, 2020
INTENSE RAINFALL | Australia storms lash blaze-hit regions
MELBOURNE, Jan 18 (Reuters) – Parts of Australia’s east coast were hit by severe storms on Saturday, dousing some of the bushfires that
Published On: January 18, 2020
AFTER RE-AUTOPSY | Duterte OKs total deployment ban to Kuwait
JANUARY 17, 2020 — President Rodrigo Duterte has approved the labor department’s recommendation for a total deployment ban of overseas Fili
Published On: January 17, 2020
APPEAL TO LGUs | Refrain from using schools as evacuation centers – DepEd
BrionesJANUARY 17, 2020 – The education department appealed anew to local government units on Friday to avoid using schools as evacuation sit
Published On: January 17, 2020
TAAL’S WRATH | Fisheries suffer huge losses as farm damages reach P3 B
JANUARY 17, 2020 – Fisheries suffered heavy losses as the farm damages due to Taal volcano’s eruption in the southern Tagalog regions have
Published On: January 17, 2020