China promises to retaliate if US imposes more tariffs | Inquirer Business

China promises to retaliate if US imposes more tariffs

/ 06:27 PM September 10, 2018

Beijing — China’s government says it will retaliate if Washington goes ahead with more tariff increases following President Donald Trump’s comment that he was considering extending penalties to more Chinese imports.

A foreign ministry spokesman, Geng Shuang, said Monday that Beijing “will definitely take countermeasures to safeguard its legitimate rights” if Trump goes ahead with a new round of tariffs.

Beijing and Washington have imposed 25 percent import duties on $50 billion of each other’s goods in a battle over technology policy. The Trump administration is poised to decide whether to extend that to another $200 billion of Chinese goods.

Trump said Friday he was considering penalties on an additional $267 billion list of Chinese goods. That would extend tariff increases to nearly all of China’s exports to the United States.   /vvp

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: China, Latest business news, tarriffs, trade war, US

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.