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  • 2 months ago
China warns of retaliation against Donald Trump's threat of new levies on its imports, accusing the U.S. of double standards.
Transcript
00:00China warns it will retaliate against any new U.S. tariffs,
00:04signaling it is not afraid of a possible trade war.
00:08The warning comes after President Donald Trump threatened to impose a 100% tariff
00:14on Chinese goods from November, which Beijing called a typical example of U.S. double standards.
00:23The latest 100% duty would effectively reinstate a trade embargo lifted earlier this year.
00:30The latest flare-up began Thursday when China expanded controls on rare-earth exports,
00:35prompting a sharp countermeasure from Trump.
00:37U.S. Treasury Secretary Scott Besson said on Monday that both sides held substantial
00:42communications over the weekend, and Trump is on track to meet Chinese leader Xi Jinping
00:47in South Korea end of the month to ease trade tensions.
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