A worker stands near a crane unloading shipping containers from a cargo ship at a port in Lianyungang, Jiangsu province November 8, 2013. — Reuters pic
BEIJING, Aug 15 — China has to take necessary counter-measures to the latest US tariffs on US$300 billion (RM1.2 trillion) of Chinese goods, the finance ministry said today.
The ministry also said the US tariffs violate a consensus reached by leaders of two countries and get off the right track of resolving disputes via negotiation.
The United States said early this month it would slap duties on US$300 billion of Chinese goods from September 1, which would effectively cover all of China’s exports to the United States.
But President Donald Trump backed off part of the plan on Tuesday, delaying duties on some of the items on the list such as cellphones, laptops and other consumer goods, in the hopes of blunting their impact on US holiday sales. Tariffs will still apply to those products from mid-December. — Reuters