Commodities

China says has to take countermeasures to latest U.S. tariffs

Credit: REUTERS/Kevin Lamarque

China has to take necessary countermeasures to the latest U.S. tariffs on $300 billion of Chinese goods, the finance ministry said on Thursday.

Adds foreign ministry comment; paragraphs 3,4

BEIJING, Aug 15 (Reuters) - China has to take necessary countermeasures to the latest U.S. tariffs on $300 billion of Chinese goods, the finance ministry said on Thursday.

The ministry also said the U.S. tariffs violate a consensus reached by the leaders of two countries and get off the right track of resolving disputes via negotiation.

In a separate statement, foreign ministry spokeswoman Hua Chunying said, "We hope the U.S. will meet China halfway, and implement the consensus of the two heads of the two countries in Osaka."

China hopes to find mutually acceptable solutions through dialogue and consultation on the basis of equality and mutual respect, she added.

The United States said early this month it would slap duties from Sept. 1 on $300 billion of Chinese goods, which would effectively cover all of China's exports to the United States.

But President Donald Trump backed off part of the plan on Tuesday, delaying duties on items such as cellphones, laptops and other consumer goods, in the hopes of blunting their impact on U.S. holiday sales. Tariffs will still apply to those products from mid-December.

(Reporting by Beijing Monitoring Desk; Editing by Kim Coghill and Clarence Fernandez)

((clarence.fernandez@thomsonreuters.com; +6568703861; RM:clarence.fernandez.thomsonreuters.com@thomsonreuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

    Reuters

    Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

    Learn More