China likely to unveil steps to counter Trump's tariff threats - Breaking The News

China likely to unveil steps to counter Trump's tariff threats

8 April

1 min read

EPA-EFE/MARK R. CRISTINO

The Chinese authorities prepared at least six measures to respond to United States President Donald Trump's newly voiced tariff threats, Chinese media reported on Tuesday, citing a WeChat account affiliated with state news agency Xinhua.

According to the report, the authorities decided to ban US movies from China, investigate the intellectual property benefits that US companies derive from doing business in China, and take retaliatory moves in the service trade sector. Additionally, the Asian country would significantly increase tariffs on US agricultural products, ban imports of US poultry, and halt bilateral cooperation on fentanyl-related issues. However, the report did not detail when the Chinese authorities are expected to officially announce these countermeasures.

Previously, Trump threatened China with additional 50% duties if Beijing did not eliminate previously imposed counter-tariffs by April 8.

tariffs us-china relations trade war

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