In response to American President Donald Trump's threat to raise tariffs on goods worth $200 billion, China said that it will retaliate if the US decides to go forward with the said statement. The spat comes ahead of the 11th round of crucial talks between the two countries that was aimed at ending their trade war.
The talks are scheduled to be held on 9-10 May in Washington, where trade delegations headed by Chinese Vice Premier Liu He and US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin will meet amid accusations by Washington that Beijing is backtracking from consensus reached on key issues in the earlier rounds of talks.
On Sunday, ahead of the scheduled meeting, US President Donald Trump said that he would raise tariffs on $200 billion worth of Chinese goods from 10 percent to 25 percent as of 10 May, in a bid to pressurize China to conclude the trade war at the earliest.
Late night on Wednesday, the Chinese Commerce Ministry said it would launch retaliatory measures in kind.
While expressing regret over the planned measures by the US to raise tariffs on imported Chinese products and how it will be against the interests of not just the two countries but against the people of the world, the ministry said, "China deeply regrets this, and will be forced to take necessary counter-measures if the US side puts the tariff measures into effect."