China hits U.S. goods with tariffs as 'sparks' of trade war fly

China hits U.S. goods with tariffs as 'sparks' of trade war flyChina has increased tariffs by up to 25 percent on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, escalating a dispute between the world’s biggest economies in response to U.S. duties on imports of aluminum and steel. The tariffs, which take effect on Monday, were announced late on Sunday by China’s finance ministry and matched a list of possible tariffs on up to $ 3 billion in U.S. goods published by China on March 23. Soon after the announcement, an editorial in the widely read Global Times newspaper warned that if the United States had thought China would not retaliate or would only take symbolic countermeasures, it could “say goodbye to that delusion”.



Yahoo Finance

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