World Economy

US tariffs will hit global supply chains, China commerce ministry warns

Workers manufacture cotton yarn at a factory in Dali county, Shaanxi province, China.
Nelson Ching | Bloomberg | Getty Images

China's commerce ministry said on Thursday that U.S. tariffs will hit global supply chains including foreign companies in China, reiterating that Beijing does not want to fight a trade war started by the United States. 

Separately, China's customs agency said in a statement on its website that Chinese tariffs on U.S. goods will take effect immediately after U.S. tariffs on China goods kick in. 

Washington has said it plans to impose tariffs on $34 billion worth of Chinese imports on Friday.