China Vows To Counter Planned US Tariff On $300B Of Goods

Law360 (August 15, 2019, 4:52 PM EDT) -- China pledged Thursday to strike back against the White House's plan to impose a new 10% tariff on roughly $300 billion worth of Chinese goods, saying the duties violate an agreement between President Donald Trump and Chinese President Xi Jinping.

China's remarks that it will take "necessary countermeasures" come on the heels of the Trump administration's decision to delay the tariff, which is set to take effect Sept. 1, for some consumer items like cellphones, laptops, video game consoles and clothing — an effort to sidestep price increases during the holiday shopping season.

The retaliatory threat from China’s Finance Ministry also...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!