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China has many means to counteract U.S. tariffs - Chinese state TV

China's state broadcaster CCTV said on Thursday China must counteract tariffs implemented by the United States and that Beijing had the confidence to protect its own interests as well as the means to do so.


Reuters 08 Aug 2018, 11:35 PM China, United States

China's state broadcaster CCTV said on Thursday China must counteract tariffs implemented by the United States and that Beijing had the confidence to protect its own interests as well as the means to do so.

Its comments came after China slapped additional tariffs of 25 percent on $16 billion worth of U.S. imports of fuel and steel products late on Wednesday. That was in retaliation against U.S. plans to begin collecting 25 percent extra in tariffs on $16 billion of Chinese goods from Aug. 23.

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

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