China Vows Response if US 🇺🇸Slaps New $200bn in Tariffs

China is ready to retaliate if US President Donald Trump goes ahead with a tariff hike on $200bn worth of Chinese goods and is confident it can maintain "steady and healthy" economic growth.

The Trump administration is poised to impose 25 percent penalties on Chinese goods in a new escalation of their trade war over US complaints that Beijing steals or pressures companies to hand over technology.

China has announced a $60bn list of American products targeted for retaliation.

"China will have to take necessary countermeasures if the US side ignores the opposition of the overwhelming major of its enterprises and adopts new tariff measures," Commerce Ministry spokesman Gao Feng said.