U.S. tariff increase on $200 billion of Chinese imports takes effect
BEIJING — President Donald Trump’s latest tariff hikes on Chinese goods took effect Friday and Beijing said it would retaliate, escalating a battle over China’s technology ambitions and other trade strains.
The Trump administration raised import taxes on $200 billion of Chinese imports from 10 percent to 25 percent. China's Commerce Ministry said it would take "necessary countermeasures" but gave no details.
The increase went ahead even as American and Chinese negotiators began another round of talks in Washington aimed at ending a battle that has disrupted billions of dollars in trade and shaken global financial markets.
American officials accuse Beijing of backtracking on commitments made in earlier rounds of negotiations.
The talks were to resume Friday after wrapping up without any word on progress.
"China deeply regrets that it will have to take necessary countermeasures," said a Commerce Ministry statement.