The threat came after Trump said Friday he was considering extending penalties to an additional $267 billion (U.S.) of Chinese products in their battle over Beijing’s technology policy. China on Monday promised retaliation if U.S. President Donald Trump escalates their tariff battle. The United States imported $3 of Chinese goods last year for every $1 of American goods bought by China. China’s exports to the United States have been unexpectedly resilient, rising by double digits in July and August despite the U.S. tariff hikes. Exports to the United States in August rose 13.4 per cent to $44.4 billion, ticking up from July’s 13.3-per-cent growth.

Source: thestar September 10, 2018 13:52 UTC