China’s Commerce Ministry warned on Thursday that new American tariffs amount to the United States “opening fire on the entire world, including itself” in a trade war, Breitbart reports.
“U.S. measures are essentially attacking global supply and value chains. To put it simply, the U.S. is opening fire on the entire world, including itself. China will not bow down in the face of threats and blackmail and will not falter from its determination to defend free trade and the multilateral system.” ~ Commerce Ministry spokesman Gao Feng
The trade war between the U.S. and the rest of the world is upon us, as tensions continue to rise amid a barrage of presidential tweets and new tariff orders.
Americans will pay more for everything from big-screen TVs to school supplies if the Trump administration follows through on threats to slap tariffs on Chinese imports, U.S. retailers warned.
The penalties, which went into effect at 12:01 a.m., prompted quick retaliation by Beijing, which said it immediately put its own similarly sized tariffs on American goods. Previously, the Chinese government had said it would tax pork, soybeans and automobiles, among other products
China’s Ministry of Commerce said in a statement that the United States “has launched the biggest trade war in economic history so far.”
The escalation of the trade war from threat to reality is expected to ripple through global supply chains, raise costs for businesses and consumers and roil global stock markets, which have been volatile in anticipation of a prolonged trade fight between the United States and almost everyone else. New York Times Reported
The Blunt Truth is that China has long been fleecing the American economy, they own around 10% of collective land across the U.S. and they use the age old tactic art of war, all war is deception.
Chris “Badger” Thomas is a Veteran who served our country as an Army Combat Medic.