Trump said in a White House statement Monday evening that he had instructed the U.S. Trade Representative's office to identify $200 billion in imports from the Asian nation for additional tariffs of 10 percent.
"This practice of extreme pressure and blackmail deviates from the consensus reached by both parties on many occasions and is disappointing for the worldwide community", the ministry said, adding that it would respond firmly with "comprehensive measures combining quantity and quality" if the US ends up pursuing more tariffs.
China will protect its interests will take qualitative, quantitative measures if us publishes additional tariffs list.
Trump ordered the U.S. Trade Representative to prepare new tariffs on $200 billion in Chinese imports on Monday, stepping up a dispute that companies and investors worry could drag down global trade and economic growth. "This is unacceptable", Trump said.
US President Donald Trump has threatened to escalate the trade fight with China into an all-out trade war, promising to impose massive tariffs on Chinese goods unless Beijing reverses course on its own trade actions.
China responded by saying it would hit 659 USA products worth United States dollars 50 billion.
Beijing responded by saying it would hit 659 USA goods worth $50bn with a similar tax.
I have an excellent relationship with President Xi, and we will continue working together on many issues. "China's threat "clearly indicates its determination to keep the United States at a permanent and unfair disadvantage", Trump said Monday".
"Although many think this might be another bluff from Trump, markets are likely to stay nervous to trade-related headlines for now". That would encompass roughly 90 percent of the $505 billion worth of goods that China exported to the United States in 2017.
Mr. Trump's comments came hours after the top USA diplomat accused China of engaging in "predatory economics 101" and an "unprecedented level of larceny" of intellectual property. Trump also has slapped tariffs on steel and aluminium imports from Canada, Mexico and European allies.
China's Commerce Ministry lambasted Trump's new tariff threat, saying it violated prior negotiations between the two countries.
Trump's latest salvo in a brewing trade war would mean a sizable amount of Chinese goods shipped to the USA would be exposed to tariff threats and raises new questions about the impact on American consumers. The tariffs were quickly matched by China on USA exports.
"Further action must be taken to encourage China to change its unfair practices, open its market to United States goods, and accept a more balanced trade relationship". "It is very unfortunate that instead of eliminating these unfair trading practices, China said that it intends to impose unjustified tariffs targeting US workers, farmers, ranchers and businesses".
Then China followed suit, unveiling 25 per cent duties on US$50 billion in United States imports - matching the U.S. rates. It's unclear when the list will be made public. "However, confronted by such short-sighted act that hurts both USA itself and others, China has no choice but to fight back forcefully".