China vows to retaliate after US imposes fresh tariffs

ANI  |  Beijing [China] 

A day after the announced 25 per cent on USD 50 billion of Chinese tech goods, on Wednesday said that it did not want a trade war and remained undeterred.

"If the US insists on acting arbitrarily and recklessly, will take firm and powerful measures to safeguard its own legitimate rights," Hua said.

On Tuesday, the announced that on June 15, it would provide details of the Chinese products affected by the new tariffs, which would come into effect "soon".

The stated that it would crack down on "illegal" Chinese trade practices by June 30.

Earlier this month, Steven Mnuchin, who was on a visit to over trade negotiations said that the trade war with China was "on hold," with both sides agreeing to remove the proposed tariffs.

The latest move to announce the tariffs comes ahead of US Commerce Wilbur Ross's visit to China next month over the same.

The and China have been tied-up in a constant bilateral trade war.

On March 23, Trump had imposed massive trade tariffs amounting to USD 60 billion on China, in an effort to stop the latter from stealing "intellectual property" from American companies.

In retaliation, China threatened to impose a 25 percent on USD 50 billion worth of US exports.

However, none of the tariffs above came into effect.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 31 2018. 07:01 IST