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>> China accused Washington of flip-flopping on trade Thursday, calling the US capricious in its negotiating tactics. And officials in Beijing's Commerce Ministry said American workers will be the ones to pay for it.>>
> Unilateralist and protectionist measures will ultimately hurt the interests of US companies, workers, and farmers, and hurt the interests of the global economy.
>> Spokesman Gao Feng went on to say the US is accustomed to wielding big sticks in negotiations, but this approach does not apply to China. This week, US President Donald Trump threatened to hit Beijing with an additional $200 billion worth of tariffs if China retaliates against his last round of $50 billion.
Also on Thursday, Chinese state-run tabloid the Global Times said Beijing could hit back US companies listed on the Dow Jones Index if Trump keeps turning up the temperature on trade. The Dow includes big names like Boeing, Apple, and Nike. On Wednesday, one of the biggest global companies yet complained about the trade conflict, German carmaker Daimler.
They say a trade war will likely hit its earnings, and says tariffs on cars sent from China to the US would impact Mercedes-Benz sales. That sparked market fears of a wave of earnings downgrades across the auto industry.