China warned the United States on Thursday that upping the ante in a tit-for-tat trade war will “only serve to disappoint” the world as Washington threatened to raise the tariff rate on the next $200 billion of Chinese imports. …
Geng Shuang
China plans to hit US soybeans, planes as trade war looms
China unveiled plans Wednesday to hit major US exports worth $50 billion such as soybeans, cars and small airplanes with retaliatory tariffs in an escalating trade duel between the world’s two top economies. The move came hours after President Donald Trump’s administration published its own $50-billion list of Chinese products facing US tariffs over Beijing’s […] …