Beijing vows retaliation on US trade

Ministry expresses 'deep regrets' in wake of added tariffs on Chinese goods

The Ministry of Commerce expressed "deep regrets" on Friday at the United States' move to impose additional tariffs on Chinese imports and vowed to take necessary countermeasures.

The comments came shortly after the US increased the rate of additional duties on $200 billion worth of Chinese imports from 10 percent to 25 percent, a move that economists said amounts to "typical trade bullying" that will backfire to hurt its own interests.