China vows to retaliate if US imposes additional tariffs

Source:Global Times Published: 2018/9/6 16:38:40

China will take necessary countermeasures to protect its own economic interests if the US imposes new tariffs on Chinese goods, the Chinese Ministry of Commerce (MOFCOM) said on Thursday.

In a move set to further escalate the ongoing trade tussle between China and the US, the latter is reportedly poised to impose previously announced tariffs on $200 billion worth of Chinese goods as early as Friday.

At a press briefing in Beijing, MOFCOM spokesperson Gao Feng said that China is ready to strike back if the US moves forward with the tariffs.

"We have the confidence, the capabilities and the tools" to safeguard China's economic interests, Gao said without further elaborating on the possible countermeasures, adding that any attempt to force China into concession will not work.

Although broad negotiations between the two countries have stalled, Gao said officials from both sides have been in contact since a meeting in Washington last month, in an effort to ease rising tensions.

Blaming the US for hurting both Chinese and US businesses, the spokesperson also noted that China will continue to assess tariff impact on companies in China and take measures to help them deal with potential damages.



 



Posted in: ECONOMY

blog comments powered by Disqus