The Latest: China vows countermeasures to raised US tariffs

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The Latest on the tariffs standoff between the United States and China as trade talks are underway in Washington (all times local):

12:40 p.m.

China’s government says it will take “necessary countermeasures” in response to President Donald Trump’s latest tariff hike on Chinese imports but gave no details of possible retaliation.

The announcement followed an increase of U.S. duties on $200 billion of Chinese goods from 10% to 25%, escalating a fight over Beijing’s technology ambitions and other trade strains.

A Chinese Commerce Ministry statement said, “China deeply regrets that it will have to take necessary countermeasures.”

China responded to earlier U.S. tariff hikes by imposing penalties on $110 billion of American imports but is running out of goods for retaliation due to their lopsided trade balance.

Regulators have extended retaliation by targeting American companies in China. They have slowed customs clearing for shipments of their goods and stepped up regulatory scrutiny that can hamper operations.

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2:03 p.m.

President Donald Trump’s increased tariffs on $200 billion in Chinese imports are taking effect, heightening tensions with Beijing.

At 12:01 a.m. Eastern time Friday, the Trump administration raised the import taxes on those goods from 10% to 25%. China threatened to retaliate if Trump proceeded with his threat to raise those tariffs.

The Trump team is intensifying its trade war with Beijing, which it claims reneged on commitments it had made in earlier trade talks. The tariff increase took effect even after negotiators for the two sides resumed talks Thursday in Washington.

The higher import taxes won’t hit goods that already left Chinese ports before Friday’s deadline. Only when those shipments complete the three- to four-week voyage across the Pacific to the U.S. would they face the 25% tariff.

Publicación Original: https://abcnews.go.com/Business/wireStory/latest-china-vows-countermeasures-raised-us-tariffs-62952745