U.S. Markets closed

WRAPUP 6-China says will hit back after U.S. proposes fresh tariffs on $200 bln in goods


bln in goods@ (Adds WSJ source on steps under consideration) * U.S. to impose 10 pct tariffs on $200 bln of Chinese goods * Stocks in Shanghai, Hong Kong drag down Asian markets * China "shocked" at "completely unacceptable" U.S. action * China might hold up licences, M&As for U.S. firms- WSJ BEIJING/WASHINGTON, July 11 (Reuters) - China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods. China's commerce ministry said on Wednesday it was "shocked" and would complain to the World Trade Organisation, but did not immediately say how it would retaliate.