Advertisement

China responds to Trump tariffs, hikes import duties on American goods

Click to play video: 'Marco Rubio says U.S. should have confronted China with its allies instead of applying tariffs'
Marco Rubio says U.S. should have confronted China with its allies instead of applying tariffs
WATCH: Marco Rubio says U.S. should have confronted China with its allies instead of applying tariffs – Jun 13, 2018

China has fired back in a spiraling trade dispute with President Donald Trump by raising import duties on a $34 billion list of American goods including soybeans, electric cars and whiskey.

The government said Saturday it was responding in “equal scale” to Trump’s tariff hike on Chinese goods in a conflict over Beijing’s trade surplus and technology policy that companies worry could quickly escalate and chill global economic growth.

Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day.

Get daily National news

Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.

The Commerce Ministry says “the Chinese side doesn’t want to fight a trade war, but facing the shortsightedness of the U.S. side, China has to fight back strongly.”

READ MORE: Donald Trump slaps 25% tariffs on US$50B in Chinese imports

The ministry says it’s also scrapping deals to narrow Beijing’s multibillion-dollar trade surplus with the U.S. by purchasing more American farm goods, natural gas and other products.

Story continues below advertisement

The Ministry of Finance says Beijing will impose an additional 25 percent tariff starting July 6 on 545 products from the U.S. including soybeans, electric cars, orange juice, whiskey, salmon and cigars.

Sponsored content

AdChoices