China said Tuesday it will take “countermeasures” to U.S. President Donald Trump’s decision to raise tariffs on $200 billion of Chinese imports and an American business group warned a “downward spiral” in their trade battle appears certain.
The Commerce Ministry gave no details of a possible response to U.S. tariffs imposed in the fight between the two biggest global economies over Beijing’s technology policy. But China previously released a $60 billion list of American goods for retaliation.
The Trump administration announced the tariffs on some 5,000 Chinese-made goods will start at 10 percent, beginning Monday. They rise to 25 percent on …Read More On Newsmax