Ministry: No winners in trade war

Beijing vows to fight back once tariff hike by Washington goes into effect

The United States is "opening fire on the entire world, including itself", with its threatened tariff hike, and China will fight back once the tariffs kick in, as the move will damage the global supply chains, the Ministry of Commerce warned on Thursday.

Tariffs on $34 billion of Chinese goods are scheduled to take effect at 12:01 am on Friday in Washington - 12:01 pm in Beijing - the US Trade Representative confirmed in an email on Thursday, Bloomberg News reported.