China has vowed to retaliate with quantitative and qualitative measures if the United States goes ahead with its additional tariff plan against Beijing.
The Ministry of Commerce said the new threat from US President Donald Trump of imposing tariffs on US$200 billion worth of Chinese products was an act of “blackmail”, which was against earlier agreements and disappointed the international community.
“If the US side loses sanity to launch the list, China will be forced to take comprehensive measures combining both quantitative and qualitative ones as a powerful hit-back,” the ministry said in a statement on Tuesday.
Trump announced a plan to target US$200 billion worth of Chinese imports with a 10 per cent punitive tariff, raising the stakes in Washington’s stand-off with Beijing over its trade and investment policies.
Trump’s new tariffs would be on top of a 25 per cent levy on Chinese imports announced on Friday and due to go into effect next month. The earlier move prompted Beijing to announce equivalent action on imports from the US, defying Trump’s warning that he would take stronger measures if China retaliated.