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China Confirms Retaliatory Measures Against US Tariffs
May 10, 2019
(Telesurenglish) - China's Commerce Ministry released an official statement Friday stating that the Asian country will be taking "necessary countermeasures" to Donald Trump's announcement of increasing tariffs on Chinese goods entering the United States.
While the specifications of what those countermeasures entail have yet to be confirmed, the Chinese government expressed deep regret over the unfruitful trade negotiations between the two countries.
The announcement was made immediately after the deadline for the tariff hike, as no deal was established before it had passed. The hike will result in a tariff increase from 10% to 25% on US$200 billion in Chinese products from across 5,700 categories.
A Chinese delegation is currently in Washington conducting the most recent round of trade negotiations.
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