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Trade war

China hits back against Trump's $34bn tariffs

Beijing imposes retaliatory duties, accusing US of starting 'largest trade war in history'

trump
Tariffs imposed by U.S. President Donald Trump threaten to ignite an all-out trade war between the world's two largest economies.   © Reuters

WASHINGTON/TOKYO -- The Chinese government on Friday retaliated immediately against U.S. President Donald Trump's $34 billion tariff package with a simultaneous set of countermeasures, and accused Washington of starting "the largest trade war in history."

Beijing's move sets the stage for escalating conflict, with Trump already threatening to hit Chinese imports worth up to $500 billion, amid widespread concerns about disruption to bilateral and global trade and the risk of damage to the world economy.

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