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Trade tariffs: Chinese media in Trump "fools buildwals" jibe

Trade tariffs: Chinese media in Trump "fools buildwals" jibe
Issue Time:2018-06-20
Trade tariffs: Chinese media in Trump "fools buildwals" jibe
Chinese media have mocked US President Donald Trump over plans to impose 25% tariffs on $50bn worth of Chinese goods, saying "wise men build bridges but fools build walls".
Mr Trump announced the tariffs on Friday, accusing Beijing of intellectual copyright theft.
China retaliated, saying it would impose an additional 25% tariff on 659 US goods worth $50bn.
Stock markets fell after the announcements amid fear of a trade war.
The US had earlier warned that it will impose even more tariffs should China retaliate.
Mr Trump said the tariffs were "essential to preventing further unfair transfers of American technology and intellectual property to China, which will protect American jobs."

The Chinese product lines that have been hit range from aircraft tyres to turbines and commercial dishwashers.

State-controlled media made a concerted attack on the new US measures.

"Following the path of expanding and opening up is China’s best response to the trade dispute between China and the United States, and is also the responsibility that major countries should have to the world," said an editorial in Xinhua news agency.
"The wise man builds bridges, the fool builds walls," it commented.
Elsewhere official Communist Party newspaper the People’s Daily condemned what it described as the US administration’s "obsession with playing the disgraceful role of global economic disruptor".
The Global Times, meanwhile, said Mr Trump was disrupting the world order to appeal to voters.
However, the English-language China Daily said it hoped the worst could still be avoided.