Cambodia, Laos, and Myanmar were hit with tariffs of 49%, 48%, and 44% respectively.

China on Thursday urged the United States to immediately cancel its latest tariffs and vowed countermeasures to safeguard its own interests, after President Donald Trump declared sweeping levies on U.

China plans to respond to the new US tariffs by strengthening its domestic economy and developing trade relations, CNBC reports, citing experts on the Chinese economy. China intends to focus on stimulating its internal economy and tightening trade ties with partners in response to the new tariffs imposed by the US.

US President Donald Trump’s deadline for a report on China has arrived, ahead of his ‘Liberation Day’ to free the US economy from what he sees as unfair practices.

China will have no choice but to retaliate,” one analyst said, adding that it would be “carefully calibrated so that it is more or less in line with the other countries’ responses.”

China has vowed to hit back after President Donald Trump announced major new tariffs on its exports to the United States as part of his radical overhaul of a century of American global trade policy.

After their first trilateral economic meeting in over five years, China, Japan and South Korea vowed to strengthen their trading ties.

BEIJING (AP) — China’s Premier Li Qiang said Sunday that Beijing and Washington should choose dialogue instead of confrontation, as the two countries are locked in rising friction over trade tariffs and efforts to combat illegal fentanyl trade.