Trade Spat Between the U.S. and China Heating up…Again

 

The Chinese government has vowed to take “firm and forceful measures” against U.S. threats to expand tariff hikes.

The comment Wednesday by a Chinese Foreign Ministry spokeswoman followed the U.S. Trade Representative’s announcement it was preparing to impose 10 percent tariffs on a wider range of goods in the escalating trade dispute.

Asked what Beijing would do, foreign ministry spokeswoman Hua Chunying gave no details but said, “We will take firm and forceful measures.”

China’s government has criticized the latest U.S. threat of a tariff hike as “totally unacceptable” and vowed to retaliate in their escalating trade war.

The Commerce Ministry on Wednesday gave no details, but Beijing responded to last week’s U.S. tariff hike on $34 billion of imports from China by increasing its own duties on the same amount of American goods.

The U.S. Trade Representative’s office announced a $200 billion list on Wednesday of Chinese goods for possible 10 percent tariffs including fish, apples and burglar alarms.