China vows to retaliate if US imposes new levies

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China says it hopes the United States will stop its wrong tariff action, adding that any new tariffs would lead to escalation. FMTNews

The United States recently delayed duties on some Chinese goods in the hopes of blunting their impact on US holiday sales.

The United States said early this month it would slap duties on US$300 billion of Chinese goods from Sept 1, which would effectively extend its tariffs to all of China’s exports to the United States. “Despite the US decision to delay tariffs on some Chinese goods… if the United States rides roughshod over China’s opposition and impose any new tariffs, China will be forced to adopt retaliatory actions”, Ministry of Commerce spokesman Gao Feng told a news briefing.

 

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