Beijing’s options to hit back for U.S. tariff increase ranges from imposing duties to killing contracts
BEIJING—A U.S. move to increase tariffs has China dusting off its options for retaliation, which include a reciprocal increase, piling on new tariffs and punishing individual American companies.
China’s Commerce Ministry threatened “necessary countermeasures” in response to the U.S. filing paperwork to raise tariffs to 25% from 10% on $200 billion of Chinese goods. The agency didn’t specify the countermeasures or when they would be enacted. Washington’s increase takes effect at 12:01 a.m. Friday—just after noon in Beijing.
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