BEIJING, Aug. 24 (Xinhua) -- The United States is paying the price for launching a trade war, as China is forced to announce the levy of new additional tariffs on U.S. goods.
China has announced that it will slap additional tariffs on U.S. imports worth about 75 billion U.S. dollars, covering 5,078 U.S. products with additional tariffs of 10 or 5 percent, in two batches starting on Sept. 1 and Dec. 15, respectively.
The new tariffs will cover vehicles, auto parts and farm produce such as soybean and corn. U.S. farmers and manufacturers will soon feel the brunt.
Through more than a year of trade friction between the two countries, China never faltered. When the U.S. side tried to intensify trade bullying and exert maximum pressure on China, it only strengthened China's resolve, making China stand more firmly against the U.S. bullying, and defend its legitimate rights and interests.
China has always believed that cooperation is the only means of resolving trade issues with the U.S. side, but such cooperation comes with preconditions. China strongly opposes U.S. trade hegemony and will never compromise on its fundamental principles. The further some people in the United States go on their dangerous road of hegemony and bullying, the stronger the pushback they will encounter.