China threatens to retaliate against the US as Trump prepares more tariff

Trump announced the new tariffs this month, after which China halted purchases of agricultural goods and allowed the yuan to weaken

China called planned US (US) tariffs on an additional $300 billion in Chinese goods a violation of accords reached by Presidents Donald Trump and Xi Jinping, signalling an American move earlier this week to delay some of those levies was not enough to stave off retaliation.

The new 10 per cent tariffs have taken the US and China off the track of resolving their dispute through negotiation, the State Council Tariff Committee, which has overseen tit-for-tat retaliation, said in a statement on Thursday. China “has no choice but to take necessary measures to retaliate,” it said, without specifying what the nation