China vows 'same strength' measure against US tariffs
BEIJING - China's government has vowed to impose measures of the "same strength" in response to a U.S. tariff hike in a dispute over technology policy.
The Commerce Ministry on Wednesday criticized the U.S. move against $50 billion of Chinese goods as a violation of global trade rules. The ministry said it would immediately file a challenge in the World Trade Organization but gave no details on how else it might respond.
The U.S. government announced the tariff increase in response to complaints Beijing compels foreign companies to hand over technology to Chinese competitors in response to market access.
The mounting dispute has fueled fears it might dampen global trade by prompting other governments to raise their own import barriers.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
State wrestling tournament gives downtown BR a boost in business
FDA approves emergency use of single-shot COVID vaccine from Johnson & Johnson
Local leaders, organizations bring vaccination site to North Baton Rouge
104-year-old celebrates another year
Officials expect fairs, festivals to resume statewide in the near future with...