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.
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