The tariff hike came after brief discussions between Liu He and his U.S. counterparts in Washington made little progress on Thursday, with the mood around them downbeat, according to people familiar with the talks. The negotiations were due to resume on Friday morning Washington time.
Before the late Thursday talks, Liu told Chinese state media he was coming to Washington "under pressure but with sincerity" and warned that a move to raise tariffs by the U.S. starting Friday was not a solution and would be painful for both China and the U.S.
It was also not exactly clear how China could retaliate, as Beijing can no longer match the U.S. tariffs dollar-for-dollar because they simply don’t buy enough American goods.
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