China labels Trump tariff threat as ‘extreme pressure and blackmailing’

China labels Trump tariff threat as ‘extreme pressure and blackmailing’
© iStock

China slammed President TrumpDonald TrumpTrump PACs brought in over M for the first half of 2021 Chicago owes Trump M tax refund, state's attorney mounts legal challenge Biden hits resistance from unions on vaccine requirement MORE's most recent tariff threat early Tuesday, characterizing it as "extreme pressure and blackmailing."

“Such a practice of extreme pressure and blackmailing deviates from the consensus reached by both sides on multiple occasions,” China's commerce ministry said in a statement, according to Reuters.

ADVERTISEMENT

“The United States has initiated a trade war and violated market regulations, and is harming the interests of not just the people of China and the U.S., but of the world," the ministry added. 

Trump announced late Monday that he has directed his top trade official, U.S. Trade Representative Robert Lighthizer, to identify $200 billion more worth of Chinese goods that will be subject to tariffs. 

"China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology," Trump said in a statement.

"After the legal process is complete, these tariffs will go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced," the president continued. 

The new tariff threat marks the latest escalation in the ongoing trade dispute between Washington and Beijing. 

The U.S. has also imposed tariffs this year of 25 percent on steel and 10 percent on aluminum from a wide range of nations, including China.