China Set to Strike Back ‘Forcefully’ at Threatened New U.S. Tariffs
President Trump is threatening tariffs on $100 billion more of Chinese goods
By Lingling Wei
The Wall Street Journal
BEIJING—China vowed to “hit back forcefully” if the U.S. imposes newly threatened additional tariffs on $100 billion worth of Chinese goods, as trade tensions mount between the world’s two largest economies.
At a hastily-arranged briefing with reporters Friday night, Chinese Commerce Ministry spokesman Gao Feng described as “very unreasonable” and “extremely wrong” President Donald Trump’s announcement late Thursday that he was considering penalties on an additional $100 billion in Chinese goods.
President Trump says China is forcing U.S. companies to transfer their technology secrets to China. WSJ’s Shelby Holliday tells you how. Illustration: Adele Morgan
“China is fully prepared to hit back forcefully and without hesitation,” Mr. Gao said. He said that China has put in place “detailed countermeasures” and those measures “don’t exclude any options.” Mr. Gao didn’t elaborate.
The additional penalties on $100 billion in imports from China would come on top of proposed tariffs on $50 billion in imports from China that Washington unveiled last week and potentially triple the amount of Chinese goods facing levies when entering the U.S. The latest action has raised concerns about a full-bore trade war between the U.S. and China despite remarks by some U.S. officials that negotiations were under way between the two sides.
Mr. Gao outright denied that Beijing and Washington were engaged in such talks. “For a while, economic and financial officials on both sides have not had any negotiations over trade matters,” he said.
Expatriate writer Dr. Sabri g. Bebawi