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China announces equal penalties to retaliate for US tariffs

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China’s government said Friday it will retaliate for U. S. President Donald Trump’s tariff hike on Chinese goods by immediately imposing penalties of the « same scale » on American goods.
BEIJING — China’s government said Friday it will retaliate for U. S. President Donald Trump’s tariff hike on Chinese goods by immediately imposing penalties of the « same scale » on American goods.
The Commerce Ministry said it also is scrapping deals made with Washington in talks aimed at defusing a sprawling trade dispute.
A ministry statement gave no details of what U. S. goods would be affected, but China announced possible targets in April including soybeans, light aircraft, orange juice, whiskey and beef.
« The Chinese side doesn’t want to fight a trade war, but facing the shortsightedness of the U. S. side, China has to fight back strongly, » the statement said. « We will immediately introduce the same scale and equal taxation measures, and all economic and trade achievements reached by the two sides will be invalidated. »

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