PRESIDENT Donald Trump defended his use of tariffs that have inflamed tensions with China and Europe, telling an audience of diehard supporters on Saturday that playing hardball on trade is "my thing".
The full lists of products being considered for 5%, 10%, 20% and 25% retaliatory tariffs can be found here (in Chinese).
In a statement, the Commerce Ministry said China could add duties of 5, 10, 20 or 25 percent on 5,207 types of USA imports.
China has said new duties will be applied only if Washington pulls the trigger on its new tariffs.
Last week, Mr Trump ordered officials to consider imposing a 25 per cent tax on $200bn worth of imported Chinese goods, up from an initial 10 per cent rate.
Three rounds of trade negotiations between senior US and Chinese officials earlier this year centered on USA demands for China to make structural changes to its economy and to reduce its trade surplus with America. The Chinese Ministry of Commerce said Friday that if United States continues to "blackmail" China, the conflict will only intensify.
China's one-party system gives President Xi Jinping several advantages in a trade war, such as the ability to control the nation's media, Selig said.
China's stocks were lower on Monday as Beijing's latest tariff threats escalated the tit-for-tat Sino-U.S. trade war, though the central bank's efforts to shore up the tumbling yuan helped to stabilise the currency. The Chinese side seem to be seeking to match that ratio with the new proposals.
President Donald Trump is losing his trade wars - at least according to his favourite measure of success.
Among US products targeted in the latest Chinese salvo were a wide range of agricultural and energy products, including liquefied natural gas.
Speaking on the sidelines of a security forum in Singapore, he hit back at Kudlow's remarks: "As to whether China's economy is doing well or not, I think it is all too clear to the whole worldwide community", Wang said, adding that China contributed a huge amount to global economic growth.
Trump also cited losses in China's stock market as he predicted that the United States market could "go up dramatically" the moment trade deals were renegotiated.
The paper's vitriol follows Trump's comments on Twitter from Saturday in which he boasted that his strategy of placing steep tariffs on Chinese imports was "working far better than anyone ever anticipated", and that Beijing was now talking to the United States about trade.
"He (Pompeo) was accommodating on this as a direction, and said that he does not want current frictions to continue", said State Councillor Wang Yi, who is also China's foreign minister.
Morgan Stanley has estimated annual Chinese imports of US LNG could rise to as much as $9 billion within two or three years, from $1 billion in 2017. The divergence between United States agriculture's collective struggle to retain healthy profits without access to the Chinese market and Huawei beating all of its American competitors to become the second most popular smartphone brand in the world just after South Korea's Samsung, is indicative of the fact that many of China's flagship brands cannot only survive but thrive even when being cut off from the U.S. market. China's market declines weaken the country's bargaining power in the escalating trade war, he said.
"China is forced to take countermeasures", said a ministry statement. Wang said on Friday they did not get into details.
Paglia said Ohio Star Forge primarily exports to countries covered by the North American Free Trade Agreement - Canada and Mexico - but could feel the indirect results of the Chinese tariffs, because some of their products are exported to China by their customers.