The Latest on the U.S.-China tariffs dispute.
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(All times local):
3:40 p.m.
China said Tuesday it will take “counter-measures” to U.S. President Donald Trump’s decision to raise tariffs on $200 billion of Chinese imports and an American business group warned a “downward spiral” in their trade battle appears certain.
The Commerce Ministry gave no details of China’s response to U.S. tariffs imposed in their fight over Chinese technology policy. But Beijing previously released a $60 billion list of American goods for retaliation.
The Trump administration announced the tariffs on some 5,000 Chinese-made goods will start at 10 percent, beginning Monday. They rise to 25 percent on Jan. 1.
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If China retaliates, Trump threatened Monday to add a further $267 billion in Chinese imports to the target list.
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3:20 p.m.
The American Chamber of Commerce in China says Beijing will “dig its heels in” after U.S. tariff hikes and appealed for a negotiated end to their trade battle.
The chamber on Tuesday warned a “downward spiral” appears certain after President Donald Trump approved a tariff hike on $200 billion of Chinese imports in a dispute over Beijing’s technology policy. China has said it will retaliate.
The chamber chairman, William Zarit, said in a statement, “Contrary to views in Washington, China can — and will — dig its heels in and we are not optimistic about the prospect for a resolution in the short term.”
The chamber appealed to both governments for results-oriented negotiations.
