China vows ‘same strength’ measure against US tariffs
The US government announced the tariff increase in response to complaints Beijing compels foreign companies to hand over technology to Chinese competitors in response to market access.
US President Donald Trump with China’s President Xi Jinping. (Reuters)
China’s government has vowed to impose measures of the “same strength” in response to a US tariff hike in a dispute over technology policy.
The Commerce Ministry on Wednesday criticized the US move against $50 billion of Chinese goods as a violation of global trade rules. The ministry said it would immediately file a challenge in the World Trade Organization but gave no details on how else it might respond.
The US government announced the tariff increase in response to complaints Beijing compels foreign companies to hand over technology to Chinese competitors in response to market access.
The mounting dispute has fueled fears it might dampen global trade by prompting other governments to raise their own import barriers.
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