China vows countermeasures as U.S. issues extensive tariff list

By David Lawder and Michael Martina | Reuters |

Imports from the U.S. are seen at a supermarket in Shanghai, China, on Tuesday. (REUTERS/Aly Song)

WASHINGTON/BEIJING — China condemned the United States on Wednesday as the Trump administration pushed ahead with plans to slap tariffs on about $50 billion of Chinese industrial and hi-tech products, and vowed imminent countermeasures in the escalating trade dispute.

The U.S. government hours earlier unveiled a detailed breakdown of some 1,300 Chinese industrial, transport and medical goods that could be subject to 25 percent duties, ranging from light-emitting diodes to chemicals and machine parts.

The move, broadly flagged last month, is aimed at forcing Beijing to address what Washington says is deeply entrenched theft of U.S. intellectual property and forced technology transfer from U.S. companies to Chinese competitors, charges Chinese officials deny.

China’s Commerce Ministry said in a statement that it “will soon take measures of equal intensity and scale against U.S. goods,” and Beijing’s ambassador to the World Trade Organization, Zhang Xiangchen, urged members to “join with China in firmly resisting U.S. protectionism.”

Read more of this report

Visited 414 times, 1 visit(s) today

Comments are closed.