China pledges to retaliate if Trump pushes ahead with threatened tariff rise

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China pledges to retaliate if Trump pushes ahead with threatened tariff rise

Tensions heighten ahead of trade talks


Donald Trump (AP Photo/Alex Brandon)
Donald Trump (AP Photo/Alex Brandon)

China will retaliate if US president Donald Trump goes ahead with more tariff hikes in a fight over technology and trade, ratcheting up tensions ahead of negotiations in Washington.

Beijing said it would be forced to take “necessary countermeasures” if the increases go ahead on Friday as planned, the Commerce Ministry said.

China has given no details of possible penalties.

Mr Trump threw global financial markets into turmoil with his surprise threat on Sunday to raise import duties on 200 billion dollars (€178bn) of Chinese goods from 10pc to 25pc.

He complained talks were moving too slowly and Beijing was trying to backtrack on earlier agreements.

“China deeply regrets that if the US tariff measures are carried out, China will have to take necessary countermeasures,” said a Commerce Ministry statement.

Mr Trump has raised import duties on 250 billion dollars (€223bn ) of Chinese goods starting last July over complaints Beijing steals or pressures companies to hand over technology.

The negotiations also include complaints about China’s trade surpluses and plans for government-led creation of global competitors in robotics and other fields.

Washington, Europe, Japan and other trading partners say those violate Beijing’s market-opening commitments.

Beijing responded with penalties on 110 billion dollars (£85 billion) of American imports, but is running out of goods for penalties due to their lopsided trade.

Chinese authorities already have extended retaliation beyond imports by targeting operations of American companies in China.

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Regulators have slowed down customs clearance for their shipments and delayed issuing licences in finance and other industries.

Press Association

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