(Reuters) – China will soon unveil a plan to impose retaliatory tariffs on certain U.S. products, the editor in chief of China’s Global Times newspaper said.
“Based on what I know, China will take further countermeasures in response to U.S. tariffs on $300 billion Chinese goods. Beijing will soon unveil a plan of imposing retaliatory tariffs on certain U.S. products”, Hu Xijin wrote in a tweet on Friday. The tweet did not give further details.
Global Times is a tabloid published by the Ruling Communist Party’s People’s Daily.
(Reporting by Kanishka Singh in Bengaluru, Editing by William Maclean)