China Criticizes US Restrictions on Huawei, Imposes Retaliatory Tariffs
China will impose tariffs on about $75 billion worth of U.S. goods in retaliation for the coming 10 percent U.S. duties on $300 billion in Chinese goods, said China’s State Council Friday. China said it will impose either 10 percent…
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or 5 percent tariffs on more than 5,000 U.S. products. The tariffs will be imposed in two separate batches on Sept. 1 and Dec. 15, China said. Thursday, China’s Ministry of Commerce criticized the U.S. decision to add 46 new Huawei affiliates to the Commerce Department’s entity list, Gao Feng told a news conference. China “resolutely opposes the U.S. side’s practice of using state power to suppress Chinese enterprises for no reason.” The spokesperson said the U.S. move will hurt global supply chains and the country would retaliate with “countermeasures” if President Donald Trump follows through on his 10 percent tariff threat scheduled for December (see 1908150013). “Nobody wins a trade war,” said Myron Brilliant, U.S. Chamber of Commerce head-international affairs, in a statement. It’s time for an agreement on “the thorny issues” of technologies transfer, intellectual property enforcement, market access and “the damaging global impact of subsidies,” he said.