Chinese tariffs on U.S. goods to take effect on July 6: source

BEIJING (Reuters) – China's trading tariffs on $ 34 billion of US goods will take hold of the beginning of the day on July 6, a person with knowledge of the plan told Reuters, amidst worsening trade tensions between the world's two largest economies .

Washington has said it would do it on $ 34 billion of Chinese imports on July 6, and Beijing has gone back to life on the same day.

However, the 12-hour time difference puts ahead of the price.

"Our measures are equal and equal if the U.S. starts on July 6, we start on July 6," the source told Reuters, who requested anonymity as they were not authorized to speak to media. "The implementation time for all policies starts at midnight."

China's customs agency did not answer a phone call seeking how, and its trade ministry did not reply to a fax requesting comment.

Speaking at a daily news briefing, Chinese Foreign Ministry spokesman Lu Kang said China was ready to act, though did not confirm the date Chinese tariffs may start.

"China has already made preparations. As long as the United States issues a so-called tariff list, China will take necessary measures to firmly protect its legitimate interests, "Lu said, without elaborating.

Chinese state of the art of the United States.

The official China Daily said the United States was intentionally trying to prevent China from being unable to challenge the United States' role in the global economic order.

"The U.S. in the military and financial fields for many decades. Now it is pursuing economic hegemony, "the English-language newspaper said in an editorial.

"It has frequently been used in the influence of the sovereign influence of the dominant influence of the US dollar in the international markets to fleece other countries. China's normal development. "

Widely-read tabloid the Global Times, published by the Communist Party's ruling People's Daily, said the most likely trade war would. bring chaos to the world.

"Counterstrike is major economies" first reaction to Washington's trade war, "it said in its editorial.

"It's hard to predict where these moves will lead the world, but Washington will unavoidably pay heavy prices for its attempts to change the world to its economic tributary."

U.S. President Donald Trump has risen to $ 400 billion in Chinese goods if Beijing retaliates against the U.S. tariffs set to take effect on Friday.

Chinese currency and stock markets have been jittery ahead of Friday's tariff implementation.