TOKYO -- After the U.S. levied duties on $34 billion worth of Chinese imports on Friday, China countered with a 25% tariff on a like total of U.S. goods.
China's first target is mainly soybeans and other agriculture products. But Beijing also plans to impose a 25% tariff on crude oil and other energy commodities when Washington imposes a 25% levy on an additional $16 billion worth of Chinese imports.
