China slams U.S. ‘blackmailing’ after Trump makes new trade threat

BEIJING/WASHINGTON (Reuters) – China accused the United States on Tuesday of “extreme pressure and blackmailing” and vowed to retaliate after U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods in an escalation of the trade conflict between the world’s two biggest economies.

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Source:: Reuters – Business News