China Hits Retaliation Button, Launching Tariffs As Trade War With US Starts
After three rounds of failed talks, a trade war between the world’s two largest economies is on. On Friday, China’s Foreign Ministry spokesman said China had imposed countermeasures after America’s tariffs came into force. Lu Kang, said China’s tit-for-tat measures “had taken effect immediately after the implementation of the US tariffs”. Lu was speaking after Washington’s 25 per cent duties on US$34 billion worth of Chinese goods came into force earlier in the day.