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China Pledges to Retaliate If Trump Boosts Tariffs on Friday

10:58AM May 08, 2019
China Tariffs

China ready to retaliate.( MGN Image )

(Bloomberg) -- China will have to take necessary countermeasures if the U.S. puts its plan to hike tariffs on Chinese imports into effect, its Ministry of Commerce said.

The escalation in trade friction is not in the interest of the people of China and the rest of the world, the ministry said in a two-sentence statement.

China would be “deeply regrettable” if the U.S. moves ahead with its plan to increase tariffs on $200 billion of Chinese imports to 25% from 10% on Friday, the ministry said in the statement.U.S. Notice Says Tariffs on $200b of China Goods Go Up Friday

 

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