China warns of 'necessary countermeasures' if US imposes tariffs

China's Commerce Ministry on Thursday warned of "necessary countermeasures" if the U.S. moves to increase tariffs on Chinese goods.

“If the U.S. tariff measures are carried out, China will have to take necessary countermeasures,” a Commerce Ministry statement said, according to the Associated Press.

Ministry spokesperson Gao Feng said later that Beijing has the “determination and ability to defend its own interests" and is making “all necessary preparations.”

Trump threatened earlier this week to increase tariffs from 10 percent to 25 percent on $200 billion of Chinese goods if negotiators do not reach a deal with the U.S.

"For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods," Trump tweeted on Sunday. "These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday."

Both sides had been touting process in negotiations before Trump's tweet.

Chinese Vice Premier Liu He, China’s chief trade negotiator, is set to arrive in Washington this week to meet with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin.

Administration officials have recently blamed China for walking back key terms of the current trade deal, with Beijing reportedly trying to reverse its vows to address issues such as theft of trade secrets and intellectual property.

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