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China Vows Tariff Retaliation 06/15 06:43

   China Would Target $50B in US Products, Including Beef, Soybeans

   China will immediately retaliate against any move by the U.S. to impose 
punishing tariffs on tens of billions of dollars of Chinese goods, the foreign 
ministry said Friday.

   BEIJING (AP) -- China will immediately retaliate against any move by the 
U.S. to impose punishing tariffs on tens of billions of dollars of Chinese 
goods, the foreign ministry said Friday.

   Ministry spokesman Geng Shuang also said China would cancel any commitments 
to increase purchases of U.S. exports should tariffs be imposed.

   "If the U.S. takes unilateral and protectionist measures that harm China's 
interests, we will make an immediate response and take necessary measures to 
defend our legitimate rights and interests," Geng said at a daily briefing.

   Geng gave no details. Beijing has drawn up a list of $50 billion in U.S. 
products that would face retaliatory tariffs, including beef and soybeans -- a 
shot at Trump's supporters in rural America.

   Trump reportedly met Thursday with several Cabinet members and trade 
advisers and was expected to impose tariffs on at least $35 billion to $40 
billion of Chinese products as early as Friday.

   China had earlier offered to increase purchases of U.S. goods to help defuse 
the crisis, but Geng said all such proposals would be off the table if 
Washington went ahead with tariffs.

   "We made clear in this statement that all economic and trade outcomes of the 
talks will not take effect if the U.S. side imposes any trade sanctions, 
including raising tariffs," Geng said.


(AG)

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