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U.S. ups China trade war ante, threatens tariffs on $200 billion of goods


By Eric Beech and Stella QiuWASHINGTON/BEIJING (Reuters) - The Trump administration raised the stakes in its trade dispute with China, threatening 10 percent tariffs on a list of $200 billion worth of Chinese imports, sending stocks lower and prompting Beijing to warn it would be forced to respond.China's commerce ministry said on Wednesday it was "shocked" and would complain to the World Trade Organisation, but did not immediately say how it would retaliate. In a statement, it called the U.S. actions "completely unacceptable".Beijing has said it would hit back against Washington's escalating ...

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First Published: Wed, July 11 2018. 11:29 IST