China 'will retaliate' if US imposes new tariffs on $200bn of goods

Proposed levies would come on top of existing 25% tariffs on $50bn of Chinese exports

Beijing has laid the ground for another round of tit-for-tat tariffs in the US-China trade war as it declared its readiness to retaliate if Washington imposes a fresh set of duties on $200bn (155bn) of Chinese goods, which could happen as soon as this week.

The proposed new tariffs from Washington - levied at 25% of the value of thousands of specific products - would come on top of existing 25% tariffs on $50bn of Chinese exports, most of which kicked in on 6 July. China was quick to strike back then, imposing tariffs on a similar amount of US goods.

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