China says it will be forced to retaliate if US imposes additional tariffs
Comments by China's commerce ministry
- If US insists on implementing new tariffs measures, China will retaliate
- China will be closely monitoring impact from new tariffs
- And will adopt strong measures to offset its negative effects
- China and US are still communicating to resolve trade disputes
There's still much debate in the market right now on the tariffs that are to be implemented by the US. The public hearing for the $200 billion ends today but implementation may be a bit of an issue.
Will Trump go ahead with the full $200 billion? Will it be split over time? If so, how long is the delay in between? That will also impact on how much markets will be able to digest in terms of risk because it will cause China's retaliatory measures to be different.