Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

LATEST
Alibaba Renames AI App to Stand Out in China’s Crowded Chatbot Market
Investors Flock to Chinese eVTOLs Chasing Regulatory Green Lights
Nexperia Headquarters Rachets Up Feud With China Unit With Salvo of Accusations
Robot-Maker Unitree Steps Closer to China IPO
Tencent Says Talks With Apple on WeChat Game Fees Are Advancing
Baidu Unveils Ambitious AI Chip Roadmap, Targeting 1 Million-Card Cluster by 2030
Tencent’s Profit Rises 19% on Overseas Gaming and AI-Powered Ad Surge
Caixin Summit: Design, Commercialization Key to China’s Low-Altitude Economy Taking Off, Industry Insider Says
China’s Robotics Revenue Soars as Industry Races to Crack Embodied AI
U.S. Formally Suspends Sweeping Export Control Rule for One Year After China Trade Talks
XAG Bets on Smart Farm Tech as Drone Turf Gets Crowded
Nexperia China Chip Supplies to Soon Resume, Dutch Official Says
China’s eVTOL Makers Turn to Hybrid Power to Boost Range and Cut Costs
Dutch Chipmaker Nexperia Denies Reports of Chinese CEO’s Reinstatement
Pony AI, WeRide Tumble in Hong Kong Debut Amid Robotaxi Doubts
Nexperia Denies Rumors of China-EU Deal to Resolve Dispute Over Control
Tech Brief (Nov. 5): China Blames Netherlands for Turmoil After Nexperia Halts Wafer Supply
Tencent-Backed Mininglamp Technology Doubles in Hong Kong Debut
Nexperia Halts Wafer Supply to Chinese Unit Amid Deepening Spat
Former China Unicom Executive Gets 12 Years for Taking $3.8 Million in Bribes
China Will Take 'Necessary Countermeasures' to Increased U.S. Tariffs

By Fran Wang / May 10, 2019 01:20 PM / World

Photo: IC Photo

Photo: IC Photo

Beijing will retaliate against Washington’s raising of tariffs on Chinese imports, the Ministry of Commerce said Friday. 

The U.S. on Friday increased additional tariffs on $200 billion worth of Chinese goods to 25% from 10%, putting an earlier threat by President Donald Trump into practice. The escalation came as high-level bilateral negotiations aimed at resolving the trade dispute were going on in Washington D.C.

“China deeply regrets” the U.S. decision and “will have to take necessary countermeasures,” the ministry said in a statement.

But Beijing still urged Washington to deal with the row through dialogue.

“We hope the U.S. will meet China halfway and make joint effort (with us) to resolve our problems through cooperation and consultations,” the statement said.

The tariff hike took effect midday Beijing time after the U.S. Trade Representative filed paperwork on the previous day to formalize Trump’s earlier threat on Twitter to raise the taxes, in which he criticized bilateral negotiations for moving “too slowly.”

See more of our coverage of China-U.S. trade disputes here

Share this article
Open WeChat and scan the QR code