24 August 201922.02 The Chinese Ministry of Commerce thunders against the US announcement of new tariff increases, which would hit the import of goods "made in China" for 550 billion dollars. "This unilateral and overbearing trade protectionism and the extreme pressure on the American side violates the agreement of the heads of state of China and the US, reached in Osaka," says Beijing. "The United States will suffer the consequences of these actions."