China’s Global Times with the report:

• China’s Commerce Ministry on Tuesday reiterated its firm opposition to the US move to impose another 10% tariff on Chinese imports starting March 4.
• The ministry vowed to take “necessary countermeasures” to safeguard China’s legitimate rights and interests.
• The US disregarded facts, international trade rules, and the voices of various parties, and such move is a typical example of unilateralism and bullying, the Commerce Ministry spokesperson said.

Trump announced a higher tariff on China:

• Forexlive Americas FX news wrap: US data sags, tariffs loom and OPEC+ pumps more

This article was written by Eamonn Sheridan at www.forexlive.com.

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