KEY POINTS
  • China's Commerce Ministry said Wednesday that Beijing will retaliate if U.S. tariffs on $200 billion of Chinese goods are hiked to 25%.
  • "The Chinese side deeply regrets that if the US tariff measures are implemented, China will have to take necessary countermeasures," the ministry said.
  • The post came just hours after Trump said that Beijing officials informed the White House that Chinese Vice Premier Liu He will try to make a deal.
Chinese President Xi Jinping attends the closing session of the National People's Congress (NPC) in Beijing's Great Hall of the People on March 15, 2019.

China has promised to take "necessary countermeasures" against the U.S. if Washington follows through on its threat to increase tariffs Friday on Chinese goods.

China's Commerce Ministry said Wednesday that Beijing will retaliate if U.S. tariffs on $200 billion of Chinese goods are hiked to 25% from 10% as threatened by President Donald Trump on Sunday.