Latest tariff on $300 billion to face retaliation

Commerce Ministry urges Washington to correct its mistakes in timely manner

China strongly opposes a new tariff proposal from the United States targeting $300 billion worth of Chinese imports, and vowed to take necessary countermeasures if the move is implemented, ministry officials said on Friday.

Shortly after the 12th round of bilateral trade talks in Shanghai, the US government said on Thursday that it would impose an additional 10 percent tariff on $300 billion worth of Chinese goods starting Sept 1. The plan will put additional tariffs on basically all Chinese goods coming into the US, but medicines will not be affected.