China's government has vowed to impose measures of the "same strength" in response to a US tariff hike in a dispute over technology policy.
The Commerce Ministry today criticised the US move against USD 50 billion of Chinese goods as a violation of global trade rules. The ministry said it would immediately file a challenge in the World Trade Organisation but gave no details on how else it might respond.
The US government announced the tariff increase in response to complaints Beijing compels foreign companies to hand over technology to Chinese competitors in response to market access.
The mounting dispute has fuelled fears it might dampen global trade by prompting other governments to raise their own import barriers.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
