US tariffs to hit global supply chains – Beijing
US tariffs will hit global supply chains including foreign companies in China, the Commerce Ministry said on Thursday. Separately, China’s customs agency said in a statement that Chinese tariffs on US goods will take effect immediately after US tariffs on China goods kick in. Washington has said it plans to impose tariffs on $34 billion worth of Chinese imports on Friday. China’s Foreign Ministry said Thursday that “no one wants a trade war,” adding that the country was not provoking one, Reuters reported. The US is very clear about China’s position on the trade issue, according to the ministry’s spokesman Lu Kang.