China expresses regret over US tariff hike, vows countermeasures

Saturday, 11 May 2019 00:01 - - {{hitsCtrl.values.hits}}

BEIJING (Reuters): China on Friday said it “deeply regrets” the United States’ decision to increase tariffs on $200 billion worth of Chinese goods to 25% from 10%, adding without elaborating that it would take necessary countermeasures.

China’s Commerce Ministry said in a short statement that it hoped the United States could meet China halfway and resolve the issue through cooperation and consultation.

Top US and Chinese trade negotiators concluded the first of two days of talks in Washington on Thursday to rescue a deal aimed at ending a months-long trade war that is close to collapsing.

See full story on Page 15

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.