Beijing said it had no choice but to retaliate against new U.S. tariffs on its exports.

The United States announced some $200 billion worth of imports from China will be taxed at 10 percent, starting next week. That’s set to go up to 25 percent in January if there’s no resolution to this trade war. Washington has already threatened more tariffs in response to Beijing’s retaliatory action.

For the latest, CGTN’s Owen Fairclough reports.
Follow Owen Fairclough on Twitter @owefair

To discuss:

• Amy Holmes is a political commentator and co-host of the public television show, “In Principle.” 
• Zhao Hai is an assistant research fellow at the Chinese Academy of Social Sciences. 
• Saruhan Hatipoglu is a global economics analyst for CGTN.
• Ryan Patel is a global business executive.

For more:

Trump has hit China with another round of tariffs on US$200 billion worth of goods — but Beijing isn't backing down. pic.twitter.com/dt4BQC30Jy

— South China Morning Post (@SCMPNews) September 18, 2018

China says it has no choice but to retaliate against new U.S. trade tariffs, risking that Trump may impose duties on virtually all of the Chinese goods that America buys https://t.co/nY5VqgfCEb via @ReutersTV pic.twitter.com/izGCbVgEy5

— Reuters (@Reuters) September 18, 2018

#BREAKING: China announced on Tuesday it will impose additional #tariffs on U.S. products worth 60 billion U.S. dollars starting from Sept. 24, in response to the newly announced U.S. tariffs on Chinese goods pic.twitter.com/xXJO4cpEKI

— People's Daily, China (@PDChina) September 18, 2018