‘China will hit back at any new US tariffs’

China’s foreign ministry said yesterday it would strike back at the US if Washington moved forward with new tariffs on $200 billion of its exports, reports AFP from Beijing.

“If the US launches any new tariff measures, China will have to take countermeasures to firmly ensure our legitimate rights and interests,” foreign ministry spokesman Geng Shuang told reporters during a regular press briefing.

The two countries have been embroiled for months in a trade conflict that has threatened to hurt consumers in both countries. Trump has already imposed 25 percent tariffs on $50 billion in goods from China.

Last week Beijing welcomed Washington’s offer to hold fresh trade talks and said the two sides were discussing details, providing some hope the world’s top two economies could step back from the brink of an all-out trade war.

But over the weekend the Wall Street Journal reported US President Trump planned to announce tariffs on $200 billion of Chinese goods early this week and that the move could cause Chinese officials to cancel the talks.

 

China will hit back at any new US tariffs

Chinas foreign ministry said yesterday it would strike back at the US if Washington moved forward with new tariffs on $200 billion of its exports, reports AFP from Beijing. If the US launches any new tariff measures, China will have to take countermeasures to firmly ensure our legitimate rights and interests, foreign ministry spokesman Geng Shuang told reporters during a regular press briefing. The two countries have been embroiled for months in a trade conflict that has threatened to hurt consumers in both countries. Trump has already imposed 25 percent tariffs on $50 billion in goods from China. Last week Beijing welcomed Washingtons offer to hold fresh trade talks and said the two sides were discussing details, providing some hope the worlds top two economies could step back from the brink of an all-out trade war. But over the weekend the Wall Street Journal reported US President Trump planned to announce tariffs on $200 billion of Chinese goods early this week and that the move could cause Chinese officials to cancel the talks.