China threatens retaliation if Trump hikes tariffs
U.S. and Chinese negotiators are scheduled to resume trade talks as President Trump's threat to hike tariffs on $200 billion worth of Chinese goods to 25 percent looms.
In Beijing, Chinese officials said Thursday they will retaliate if Trump follows through on his threat, but they offered no specific details. Tension between the two countries further escalated this week after U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin accused the Chinese of reneging on commitments they'd made earlier.
U.S. and Chinese negotiators are scheduled to resume trade talks as President Trump's threat to hike tariffs on $200 billion worth of Chinese goods to 25 percent looms.
In Beijing, Chinese officials said Thursday they will retaliate if Trump follows through on his threat, but they offered no specific details. Tension between the two countries further escalated this week after U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin accused the Chinese of reneging on commitments they'd made earlier.
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