China vows retribution against U.S. tariffs.

• China strongly opposes new US tariffs on its exports, citing “countermeasures” to protect its rights and interests.
• The tariffs, imposed by US President Donald Trump, are a significant step towards a global trade war.
• The Commerce Ministry in Beijing argues that the tariffs violate international trade rules and harm the legitimate rights of relevant parties.
• The ministry urges Washington to cancel the tariffs, citing their threat to global economic development and U.S. interests.
• The tariffs are part of a 20% rate imposed last month.
• China has previously responded to U.S. tariffs with levies on agricultural goods.
• The tariffs threaten China’s economic recovery due to a property sector debt crisis and low consumption.