China fires back.

BEIJING — Beijing will immediately retaliate against President Trump’s new tariffs on $200 billion in Chinese imports, setting the stage for a protracted dispute that could raise prices of household goods in both countries.

Chinese President Xi Jinping has refused to budge amid mounting threats from Trump, who vowed to place higher border taxes on practically everything the United States buys from China if Beijing unveils new duties next week.

“In order to safeguard our legitimate rights and interests and the global free trade order, China will have to take countermeasures,” the country’s Ministry of Commerce said in a statement. “We deeply regret this.”

The Chinese government previously warned it would hit back with tariffs on an additional $60 billion in American goods following Trump’s escalation, which would slap higher border taxes on nearly all U.S. exports to China.

washingtonpost.com