China to retaliate, raising prospect of all-out trade war with US

The Chinese government said Tuesday it would take “countermeasures” after President Trump imposed tariffs on $200 billion worth of Chinese exports, a move that Trump has already warned would result in tariffs on all Chinese exports.

China’s Ministry of Commerce said Tuesday it would take unspecified measures to respond to the new U.S. tariffs, which are aimed at punishing China for its failure to protect U.S. intellectual property rights. While China offered no details, it has responded twice before to U.S. tariffs with tariffs of its own against U.S. goods.