China said to threaten retaliation for US tariffs

Chinese officials have warned of retaliation against the US if Washington levies tariffs on the world’s second-largest economy as President-elect Donald Trump has threatened, US Commerce Secretary Penny Pritzker said Tuesday. “The Chinese have said they’ll have to retaliate,” Ms. Pritzker said in an interview on the sidelines of high-level US-China trade talks here in Washington, according to The Wall Street Journal.  Mr. Trump has said one of his top priorities when he takes office will be to label China a currency manipulator. He has repeatedly threatened to slap Chinese imports with hefty tariffs. Ms. Pritzker also criticized Mr. Trump’s promise to withdraw the US from the Trans-Pacific Partnership trade deal the Obama administration struck with nearly a dozen other nations.