China’s state media defended retaliatory tariffs placed on $US60 billion worth of US goods by the Chinese government, saying they show “rational restraint”.
“China’s countermeasures are rational,” said commentary in the Global Times, a tabloid run by the official state media.
“China will not rush to compete with U.S. numbers.”
The Chinese finance ministry announced the new sets of tariffs on 5,207 US-manufactured goods, with the tariffs, ranging from 5 to 25 percent, totalling less than half of the value of tariffs proposed by the US.
The new tariffs were announced in response to the Trump administration’s proposed 25 percent tariffs on $US200 billion worth of Chinese goods.
This is the most recent in a series of tariffs that China and the US have imposed on each other, with $US34 billion in tariffs places by each country on the other’s goods in July.
The US is expected to introduce another $US16 billion in tariffs on Chinese goods soon, with China promising to follow suit.
China’s state media has criticised the US for its ‘bullying’ tactics.
“The White House’s extreme pressure and blackmail are already clear to the international community,” a state television program said.
“Such methods of extreme blackmail will not bear fruit against China.”