BEIJING -- China on Friday said it "deeply regrets" the United States' decision to increase tariffs on $200 billion worth of Chinese goods to 25 percent from 10 percent, adding without elaborating that it would take necessary countermeasures.
China's Commerce Ministry said in a short statement that it hoped the United States could meet China halfway and resolve the issue through cooperation and consultation.
Top US and Chinese trade negotiators concluded the first of 2 days of talks in Washington on Thursday to rescue a deal aimed at ending a months-long trade war that is close to collapsing.
source: news.abs-cbn.com
