China says it will retaliate on any US tariffs

[DonViejo]

Source: Associated Press



By THE ASSOCIATED PRESS 06/15/2018 06:14 AM EDT

China says it will retaliate against any move by the U.S. to impose punishing tariffs on tens of billions of dollars of Chinese goods.

Foreign Ministry spokesman Geng Shuang said Friday that China’s response would be immediate and that Beijing would “take necessary measures to defend our legitimate rights and interests.” Geng gave no details but said both the foreign and commerce ministries had made formal responses to earlier U.S. statements.

Beijing has also drawn up a list of $50 billion in U.S. products that would face retaliatory tariffs, including beef and soybeans — a shot at Trump’s supporters in rural America.

Trump reportedly met Thursday with several Cabinet members and trade advisers and was expected to impose tariffs on at least $35 billion to $40 billion of Chinese imports.

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Read more: https://www.politico.com/story/2018/06/15/china-retaliate-us-tariffs-648960

[greymattermom]

1. Sorghum too

and that will ruin many farmers in western Kansas. How about pork too? Bye Iowa.

[IronLionZion]

2. What kind of farmers export their crops?

I'm asking because I don't know and am curious. Is it the big corporations or small independent farms? Cooperatives?

I would think big corporations or even cooperatives would have some lobbying power to oppose this.