China says tit-for-tat tariffs will 'destroy' US-China trade

11 July 2018: Between the worlds topmost 2 economies will "destroy" by Tit-for-tat tariffs trade, after Washington fired the next shot in a ballooning trade war, readying new levies on $200 billion in Chinese goods China said on Wednesday.

"Actually interferes with the process of economic globalization" and "damages the world economic order," charged Li According to Us. In Chinese goods imposed 25-per cent tariffs imposed on around $34 billion, sparking a quick dollar-for-dollar retaliation by the US  from Beijing on Friday.

. "The outburst of large-scale common levying of tariffs between China and the United States will inescapably destroy Sino-US trade," said by an Assistant Minister of Commerce Li Chenggang in Beijing. On Tuesday declared by Washington that it was beginning the procedure to slap 10-per cent tariffs on another $200 billion assets as soon as September in Chinese export.

Li said 'It is a confused time in foreign trade"He also said companies in both countries will suffer losses. In a trade war, there is no winner. Cooperation is the only correct choice between China and the United States."Li said Li"It seems that the US is escalating the scale of this trade friction,"  adding: "The adverse impact of the trade friction has already appeared."