TOKYO -- The start of a full-on trade war between the tightly linked economies of the U.S. and China has sent shudders down supply chains worldwide and sown uncertainty in fields ranging from farming and finance to electronics.
President Donald Trump's administration on Friday imposed 25% import tariffs on $34 billion worth of Chinese goods in response to alleged intellectual property violations. Trump also said that if Beijing retaliates, the U.S. could impose more tariffs, ultimately amounting to more than $500 billion worth of Chinese goods, almost equal to last year's total imports from the country.
