BEIJING—China renewed its vow to retaliate against U.S. tariffs set to be imposed in coming weeks, despite President’s Trump’s decision to delay implementing some of the levies, but expressed hope the two countries would reach a resolution to the trade war.
On Thursday, the State Council’s Customs Tariff Commission said the U.S. proposal on Aug. 1 to levy new tariffs on $300 billion in goods “severely violated” a consensus reached between
and Chinese President
during their meetings this past year in Argentina and Japan.
The threatened new tariffs by the U.S. “deviated from the right track of resolving differences through dialogue,” an unnamed official was quoted as saying by the commission. “China would have no choice but to take necessary countermeasures.”
A separate remark from China’s Ministry of Foreign Affairs expressed hopes that the two countries could reach an acceptable solution.
“We hope the U.S. can work in concert with China to implement the two presidents’ consensus that was reached in Osaka, and to work out a mutually acceptable solution through equal-footed dialogue and consultation with mutual respect,” the foreign ministry’s spokeswoman,
said in a statement.
On Aug. 1, President Trump announced on Twitter that he would impose on Sept. 1 a 10% levy on roughly $300 billion in Chinese goods, an apparent response to what he described as China’s failure to commit to promised U.S. agricultural purchases.
Beijing responded by officially announcing the freezing of purchases of U.S. agricultural products and letting its currency drop to its lowest level in a decade. A weaker yuan makes Chinese exports cheaper.
On Tuesday, the Trump administration postponed plans to impose tariffs on roughly half of the $300 billion in Chinese goods to Dec. 15 from the original Sept. 1 date, citing concerns over the impact on American businesses and consumers ahead of the holiday shopping season.
—Lin Zhu, Yoko Kubota and Chun Han Wong
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