China to soon unveil plan for retaliatory tariffs on some U.S. products: Global Times

Reuters
FILE PHOTO: Illustration photo of U.S. Dollar and China Yuan notes

(Reuters) - China will soon unveil a plan to impose retaliatory tariffs on certain U.S. products, the editor in chief of China's Global Times newspaper said.

"Based on what I know, China will take further countermeasures in response to U.S. tariffs on $300 billion Chinese goods. Beijing will soon unveil a plan of imposing retaliatory tariffs on certain U.S. products", Hu Xijin wrote in a tweet http://bit.ly/2ZvZK2M on Friday. The tweet did not give further details.

Global Times is a tabloid published by the Ruling Communist Party's People's Daily.

(Reporting by Kanishka Singh in Bengaluru, Editing by William Maclean)