China said Monday it would retaliate against the U.S. if President Donald Trump imposes more tariffs on Chinese goods, further escalating the global trade war between the two nations.
According to the Associated Press, the threat came after Trump said Friday he was considering extending penalties to an additional $267 billion of Chinese products in their battle over Beijing’s technology policy. That would be on top of $50 billion of goods already hit by 25 percent duties and another $200 billion on which Washington is poised to raise tariffs.
“If the United States insists on imposing another round of tariffs on Chinese products, China will definitely take countermeasures to safeguard its legitimate rights and interests,” the AP quoted foreign ministry spokesman Geng Shuang saying.
Geng gave no details, but the government said in June it would impose unspecified “comprehensive measures” if necessary. That left American companies on edge about whether Beijing might use its control over the heavily regulated economy to disrupt their operations by withholding licenses or launching tax, anti-monopoly or other investigations.
The full AP article can be found on the ABC News website by clicking here.
Read much more about the trade war between the U.S. and China, including its impact on the sporting goods, outdoor and active lifestyle industries, by clicking here.
