BEIJING/WASHINGTON (Reuters) – China hit back on Wednesday at the Trump administration’s plan to slap tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key U.S. imports including soybeans, planes, cars, whiskey and chemicals.
FILE PHOTO: A worker takes a sample from an incoming truckload of soybeans at Peterson Farms Seed facility in Fargo, North Dakota, U.S., December 6, 2017. REUTERS/Dan Koeck/File Photo
Beijing’s list of 25 percent additional tariffs on U.S. goods covers 106 items with a trade value matching the $50 billion targeted on Washington’s list, China’s commerce and finance ministries said.
The effective date will depend on when the U.S. action takes effect.
The announcement triggered further heavy selling in global stock markets and commodities, with U.S. stock futures sliding 1.5 percent, soybean futures