Report: China vows to retaliate against US with tariffs on 545 American goods
It’s a quick response from the Beijing government to President Donald Trump’s tariff increase on Chinese goods: Chinese officials say they will slap duties on 545 U.S. products on July 6, according to a report in the Wall Street Journal.
The tariffs will be imposed on farm products, automobiles and seafood, the Journal report says.
The Chinese Commerce Ministry also says it will impose duties of “the same scale and intensity” in response to the Trump administration’s move to slap tariffs on $50 billion of Chinese goods.
Trump announced the new U.S. tariffs after the nuclear summit with North Korean leader Kim Jong Un and his push for China to maintain economic pressure on the North. Trump has already slapped tariffs on steel and aluminum imports from Canada, Mexico, Europe and Japan, drawing a rebuke from U.S. allies.
Speaking of China on the White House Lawn on Friday, Trump said: “‘There is no trade war. They’ve taken so much.”Report a Typo