China has introduced retaliatory tariffs on about $22bn of US goods, including agricultural exports, targeting President Donald Trump’s rural base in the latest escalation in the trade war between the world’s two largest economies.
Beijing’s measures, which were announced last week in response to Trump slapping an additional 10 per cent levy on all Chinese products, are aimed primarily at US farm goods.
Soyabeans, one of the largest US exports to China and worth $12bn last year, were hit with an additional 10 per cent duty, as were pork, beef and seafood. Cotton, chicken and corn face added 15 per cent levies.
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