China has promised to retaliate if United States President Donald Trump goes ahead and slaps tariffs on $200 billion worth of Chinese imports.
Beijing “will have to take necessary counter-measures,” a Chinese Foreign Ministry spokesman said on Monday.
“The escalation of trade disputes does not meet the interests of either party,’’ spokesman, Geng Shuang said, adding that the Chinese government had proposed solving the trade tensions through negotiations.
Shuang was commenting on a Wall Street Journal report that Trump has already decided to raise 10 per cent tariffs on $200 billion worth of Chinese imports.
The official announcement of the tariffs could come as early as this week.
The U.S. and China have already imposed tariffs on $50 billion worth of goods each.