China Threatens Countermeasures to Tariffs

Associated Press: “China’s government has threatened unspecified ‘necessary countermeasures’ if Trump’s planned tariff hike goes ahead.”

“The Commerce Ministry said Trump’s announcement is a violation of his agreement with President Xi Jinping in June to revive negotiations aimed at ending their fight over Beijing’s trade surplus and technology ambitions.”

“The ministry said if the U.S. measures took effect, ‘China will have to take necessary countermeasures to resolutely defend its core interests.’ The statement issued Friday continued, ‘All the consequences will be borne by the United States.'”