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China says tit-for-tat tariffs will destroy U.S.-China trade

AFPBEIJING (AFP-Jiji) — China on Wednesday said tit-for-tat tariffs will “destroy” trade between the world’s top two economies, after Washington fired the next shot in a ballooning trade war, readying fresh levies on $200 billion in Chinese goods.

“The outburst of large-scale mutual levying of tariffs between China and the United States will inevitably destroy Sino-US trade,” assistant minister of commerce Li Chenggang told a forum in Beijing.

US policy “actually interferes with the process of economic globalization” and “damages the world economic order,” charged Li.

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