China Promises Retaliation As Trade War With US Continues

10 May 2019, 07:45 | Updated: 10 May 2019, 13:06

The US will impose tariffs on $200bn worth of Chinese goods.
The US will impose tariffs on $200bn worth of Chinese goods. Picture: PA

Beijing has said that it would retaliate against the US, following moves to increase tariffs on hundreds of billions of dollars' worth Chinese products.

The US has raised the import tariff on $200bn worth of Chinese products, including electronics, clothes can toys from 10% to 25%.

The announcement breaks a months-long truce which saw the world's two largest economies pause the on-going trade war which had seen each side placing ever-increasing tariffs on goods.

"The Chinese side deeply regrets [the US actions] and will have to take countermeasures," the Chinese Ministry of Commerce said in a statement shortly after the US started to raise tariffs on Chinese goods.

In the UK Downing Street cautioned that a worsening trade war would have damaging consequences both for the two countries and the wider global economy.

"We are concerned about it. We are clear that nobody benefits from trade wars," a No 10 spokeswoman said.

"Discussions between the two are ongoing and we hope they will find a resolution to avoid any further escalation."

A delegation is currently in Washington for the 11th round of China-US economic and trade talks.

US Customs and Border Protection said the tariffs will apply to US-bound products which left China after 12:01 am on Friday US time.

More Latest News

See more More Latest News

Exclusive
Vera and Dan

Brits take personal security ‘into their own hands’ as crime concerns soar amid fears police have 'lost the streets'

Yvette Fielding said that Rolf Harris sexually assaulted her

Yvette Fielding claims Rolf Harris sexually assaulted her while she was hosting Blue Peter as a teenager

Rachel Reeves has said that rent caps could be allowed to be set

Labour 'could allow rent caps', Rachel Reeves says - but shadow chancellor warned that 'landlords would leave in droves'

Justice Department Boeing Explainer

Boeing shareholders approve chief’s compensation as company faces investigations

Shani Louk (left), Itzhak Gelerenter and Amit Buskila.

'No father would want to hear this': Shani Louk's family speak out after Nova festival victim's body discovered in Gaza

Maths teacher Rebecca Joynes was found guilty of having sex with two schoolboys

Female teacher, 30, given one last chance to see baby after being found guilty of having sex with two schoolboys

Steve Buscemi

Man charged over random assault on actor Steve Buscemi in New York

Obit Dabney Coleman

Actor Dabney Coleman, who specialised in curmudgeons, dies aged 92

David DePape, 44, has been sentenced to 30 years in prison in the US.

Man who attacked Nancy Pelosi's husband with hammer sentenced to 30 years behind bars

Scottie Scheffler was detained by police near the PGA Championship course

World No1 golfer Scottie Scheffler 'in shock' after being arrested as he reveals he warmed up for US PGA in jail cell

Charles, Camilla and William will join forces to mark the 80th anniversary of D-Day

King Charles to make first overseas trip since cancer diagnosis for D-Day anniversary event with Camilla and William

Manchester Pride says its survey has found 45% of LGBTQ+ people in Greater Manchester are calling for more action to tackle hate crimes.

'Nearly half' of LGBTQ+ people calling for more action to tackle hate crimes, survey reveals

Dana Abuqamar, 19, has said she's had her student visa revoked

Palestinian student who faces deportation over October 7 comments insists she was not referring to Hamas

David DePape

Man convicted of attacking Nancy Pelosi’s husband with hammer sentenced to jail

France New Caledonia Unrest

Violence in New Caledonia subsides slightly as France sends in reinforcements

Itzhak Gelerenter, Shani Louk and Amit Buskila

Bodies of three hostages killed at October 7 music festival recovered in Gaza