China Foreign Ministry spokesman Geng Shuang said in a regular press briefing that “If the U.S. side obstinately clings to its course and takes any new tariff measures against China, then the Chinese side will inevitably take countermeasures to resolutely protect our legitimate rights.” That came after public hearing on 25% tariffs on USD 200B in Chinese goods ended last week. Trump is ready to start imposing the tariffs any time. Meanwhile, he raised the stakes further and threatened to put tariffs on additional USD 267B in Chinese imports.
No further elaboration or comments were given by Chinese officials yet. But it’s believed that China is also ready for retaliation to the tariffs on the USD 200B goods. China has already unveiled a list of 5207 product lines, in USD 60B of value, with tariffs from 5% to 25%.
