China threatens to respond 'in kind' if President Trump imposes higher tariffs on Friday
Source: WaPo
BEIJING — China is threatening to retaliate if President Trump goes through with his threat to raise tariffs on Chinese goods this Friday, setting up a new potential escalation in a protracted trade war that was thought to be coming to an end.
The warning late Wednesday — issued as China’s vice premier and chief trade negotiator headed to Washington for trade talks — signaled that Beijing was prepared to raise tariffs on American products in response to Trump’s threats.
“An escalation in trade frictions is not in line with the American or Chinese interests or the interests of the world, and would thus be much to China’s regret,” said a statement by a Commerce Ministry spokesman on its website. “But if the U.S. goes ahead with its tariff measures against China, China will have to resort to necessary countermeasures.”
The two sides had been thought to be close to sealing a deal, with Trump himself last month said they were forging a “monumental” and “epic” deal.
Read more: https://www.washingtonpost.com/news/world/wp/2019/05/08/china-threatens-to-respond-in-kind-if-president-trump-imposes-higher-tariffs-on-friday/?utm_term=.3d2083224af9&wpisrc=al_news__alert-world--alert-national&wpmk=1
From earlier this morning:
Link to tweet
= new reply since forum marked as read
