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Beijing on Monday slapped additional tariffs of up to 25 percent
on about $3 billion worth of U.S. products in response to new
U.S. duties on aluminum and steel imports.
U.S. producers, Canada and South Korea have been granted
exemptions from the aluminum and steel duties, but not China, a
relatively small supplier to the United States.
The Chinese tariffs are widely regarded as modest in size. They
are seen as a warning shot to the U.S. administration, which
will this week unveil a list of Chinese high-tech imports
targeted for U.S. duties.
U.S. industry has expressed concerns that China could further
retaliate with punitive levies on major products such as
aircraft, soybeans and autos.
"China does not like trade wars, but being on the side of
justice, China has no choice but to enter a war to end a war,"
Wang Hailou, a researcher at the Chinese commerce ministry's
research center, wrote in the commentary.
Beijing has repeatedly said it does not fear a trade war with
the United States, but it has also urged Washington to come to
the table and resolve their trade differences.
"It would be beneficial for all if (China's) friendly overtures
were accepted by Washington. However, at the moment it seems
intent on turning a deaf ear to any suggestion that they each
make concessions to reach an amicable agreement," according to
an editorial in China Daily.
(Reporting by Ryan Woo; Editing by Michael Perry)
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