(Yicai Global) May 9 -- China on Wednesday expressed regrets over the planned measures by the  United States to raise tariffs on imported Chinese products, saying  escalating trade frictions is against the interests of the two peoples  as well as people of the world.

"China deeply regrets this, and will be forced to take necessary  countermeasures if the U.S. side puts the tariff measures into effect,"  says a statement released Wednesday.

The United States announced Wednesday that it would raise tariffs on  200 billion U.S. dollars worth of Chinese goods from 10 percent to 25  percent as of May 10.