China has retaliated against the new US tariffs by increasing import levies on a range of American agricultural and food products. The tariff increases announced Tuesday range from 10% to 15%. In addition, China has imposed export and investment restrictions on 25 US companies, citing national security concerns.
China's foreign ministry said Tuesday that if the United States is determined to launch a trade war or tariffs, China will respond accordingly. The response will come in the form of countermeasures aimed at protecting China's rights and interests, according to ministry spokesman Lin Jian.
In a regular press conference on Tuesday, Lin Jian urged the US to return to dialogue and cooperation as soon as possible. He stressed that these actions are not aggressive, but are being taken to protect China's own interests. (Newsmaker23)
Source: Investing.com
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