Economics

China Vows Retaliation Against Trump's $200 Billion Trade Threat

New tariffs could take effect after public consultations
U.S. plan is "totally unacceptable," China’s government says

The U.S. has released a $200B list of Chinese goods for possible tariffs. Bloomberg’s Greg Sullivan reports.(Source: Bloomberg)

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By Bloomberg News

July 10, 2018 at 10:45 PM UTC

Updated on

July 11, 2018 at 7:54 AM UTC

This article is for subscribers only.

China vowed to fightback against the Trump administration’s plans to impose tariffs on an additional $200 billion in Chinese goods, escalating a trade war between the world’s two biggest economies.

Beijing described the latest U.S. move as "totally unacceptable" bullying, and urged other countries to join China to protect free trade and multilateralism. China promised to lodge complaints at the World Trade Organization but didn’t detail what its retaliatory measures would be.