According to Hu Xijin, editor-in-chief of Chinese and English editions of the Global Times, Beijing is getting ready to announce retaliatory tariffs on certain US products. “Based on what I know, China will take further countermeasures in response to US tariffs on $300 billion Chinese goods,” Hu Xijin tweeted out. “Beijing will soon unveil a plan of imposing retaliatory tariffs on certain US products. China has ammunition to fight back. The US side will feel the pain.” With the initial reaction, the 10-year US Treasury bond yield retreated slightly from its daily highs but was still up 1.78% on the day at the time of press. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/JPY breaks below 118.00 and prints fresh daily lows FX Street 4 years According to Hu Xijin, editor-in-chief of Chinese and English editions of the Global Times, Beijing is getting ready to announce retaliatory tariffs on certain US products. "Based on what I know, China will take further countermeasures in response to US tariffs on $300 billion Chinese goods," Hu Xijin tweeted out. "Beijing will soon unveil a plan of imposing retaliatory tariffs on certain US products. China has ammunition to fight back. The US side will feel the pain." With the initial reaction, the 10-year US Treasury bond yield retreated slightly from its daily highs but was still up 1.78% on… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.