China will introduce on September 24 tariffs on imports of US goods in 5%-10% range totaling $60 billion, according to China's Commerce Ministry.
China's Commerce Ministry earlier stated that it has submitted a complaint to the World Trade Organization in reaction to the United States' planned import tariffs.
"We express deep regrets about this [new US tariffs]. To defend our legitimate rights and safeguard the global order of free trade, the Chinese side will be forced to respond. The US side's decision to introduce tariffs has brought uncertainties to negotiations between both sides. We hope the US side can realize the negative results triggered by such actions and make corrections in a convincing manner," the Commerce Ministry's statement read.
China's plans to send Vice-Premier Liu He to the United States for trade talks are being reconsidered following US President Donald Trump's decision to slap new tariffs on Chinese goods, local media reported, citing a government source.
Trump Vows 'Great & Fast Economic Retaliation' If Targeted With Chinese Tariffs
US President Donald Trump said in a statement that China is trying to influence American elections by imposing tariffs that hurt members of his political base, including farmers, ranchers and industrial workers.
He also warned that China would face "great and fast" economic retaliation if it hits American farmers or industrial workers with tariffs.
China has openly stated that they are actively trying to impact and change our election by attacking our farmers, ranchers and industrial workers because of their loyalty to me. What China does not understand is that these people are great patriots and fully understand that…..— Donald J. Trump (@realDonaldTrump) 18 сентября 2018 г.
— Donald J. Trump (@realDonaldTrump) 18 сентября 2018 г.
Trump said on Monday that the United States would impose fresh 10 percent tariffs on $200 billion in Chinese goods that will take effect on September 24. On January 1, the tariffs are expected to grow to 25 percent.
Senior Trump administration officials proposed a new round of trade talks with China last week in an effort to address existing issues and concerns, with Chinese officials welcoming the invitation.
China-US trade tensions escalated in March after Trump announced import tariffs on steel and aluminum. Since then, Washington and Beijing have imposed several rounds of tit-for-tat tariffs, with bilateral trade consultations so far failing to halt the mounting trade war.