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China vows to retaliate as Trump slaps fresh tariffs

Sep 18, 2018, 7:26 AM EDT
(Source: Gage Skidmore/flickr)
(Source: Gage Skidmore/flickr)

The U.S. has announced a fresh round of tariffs, the biggest yet, on $200 billion of Chinese imports, prompting a sharp response from Beijing, which vowed to retaliate without detailing the course of action.

The new tariffs, which come into effect on September 24, directly hit thousands of consumer goods, unlike the previous ones that targeted businesses, writes The Guardian. Asian shares fell marginally after the announcement as the markets have been bracing for such tariffs.

U.S. President Donald Trump blamed China’s failure to amend its "unfair trade practices" for the new round of tariffs, adding that “a phase three” would follow if Beijing resorts to countermeasures, notes the BBC.

 

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