SHANGHAI, Aug 10 — China’s state broadcaster CCTV said yesterday China must counteract tariffs implemented by the United States and that Beijing had the confidence to protect its own interests as well as the means to do so.
Its comments came after China slapped additional tariffs of 25 per cent on US$16 billion (RM65.20 billion) worth of US imports of fuel and steel products late on Wednesday. That was in retaliation against US plans to begin collecting 25 per cent extra in tariffs on US$16 billion of Chinese goods from August 23. — Reuters
Source: The Malay Mail Online