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Latest proposed tariffs on U.S. goods rational and restrained, says China

The commerce ministry, in a statement, said the timing of the implementation of the new tariffs on U.S. goods will depend on the actions of the United States.


Reuters Last Updated at 03 Aug 2018, 18:08 IST China

China's Commerce Ministry said on Friday that Beijing's new set of proposed import tariffs on $60 billion worth of U.S. goods are rational and restrained and warned that it reserves the right of further countermeasures in the intensifying trade war.

The commerce ministry, in a statement, said the timing of the implementation of the new tariffs on U.S. goods will depend on the actions of the United States. Washington ratcheted up pressure for trade concessions from Beijing this week by proposing a higher 25 percent tariff on $200 billion worth of Chinese imports. (Reporting by Beijing Newsroom; writing by Se Young Lee; Editing by Nick Macfie)

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


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