As Trump's trade war starts, China retaliates with comparable tariffs of its own
Source: Washington Post
Three months of rhetoric just became reality.
The United States imposed the first duties on $34 billion in Chinese goods early Friday and China immediately retaliated, launching a commercial battle that analysts fear could shake markets and cramp global business.
As Beijing fired back with tariffs of its own, it accused the U.S. of violating WTO rules and setting off “the largest trade war in economic history to date.”
“In order to defend the core interests of the country and the interests of the people, we are forced to retaliate,” the Chinese Commerce Ministry said in a statement.
Read more: https://www.washingtonpost.com/world/china-fires-back-at-us-tariffs-vows-to-defend-its-core-interests/2018/07/06/f42fc812-8091-11e8-a63f-7b5d2aba7ac5_story.html
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