China Ministry of Commerce issued a brief statement in response to new round of US tariffs. It said “to protect its legitimate rights and interests and order in international free trade, China is left with no choice but to retaliate simultaneously”. Also, “the United States insists on increasing tariffs, bringing new uncertainties to bilateral trade negotiations. China hopes the United States would recognize the negative consequences of its actions, and take convincing steps to correct its behavior in a timely manner.”
No details are provided today. But based on information released last month, China already has a list of USD 60B of US goods to tariff.
Here is the link to MOFCOM’s statement in simplified Chinese.
Now the ball is in the US court again. Trump pledged to move on with tariffs on USD 267B in Chinese goods if China retaliates on the tariffs announced yesterday. Keeping going POTUS!
