Trump's Tariffs: China warns U.S. against tariffs, threatens retaliation

AWANI

China warns the U.S. against reigniting trade tensions with new tariffs next month and threatens retaliation against countries siding with Washington to exclude China from global supply chains.

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00:00China warns the Trump administration today not to reignite trade tensions by re-imposing tariffs on Chinese goods next month.

00:09It also threatens to retaliate against countries that align with the US to exclude China from the global supply chains.

00:17In June, Washington and Beijing reached a tentative trade framework, easing tensions but with many details still unclear,

00:25keeping traders and investors on both sides of the Pacific guessing.

00:30China, which faced tariffs exceeding 100 percent, has until August 12 to negotiate with the White House

00:36to avoid renewed import restrictions imposed from earlier tariff exchanges.

00:41The official People's Daily has stated in a commentary that dialogue and cooperation are the only correct path,

00:48referring to the ongoing China-US trade tensions.

00:51According to the Peterson Institute for International Economics,

00:55The average US tariff on Chinese exports now stands at 51.1 percent,

01:00while China's average tariff on US goods is 32.6 percent, covering nearly all bilateral trade.

01:07The average US trade tensions with the US trade tensions with the US trade tensions with the US trade tensions.

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