Trump Sets $50 Billion in China Tariffs, Beijing Threatens Retaliation

Trump Sets $50 Billion in China Tariffs, Beijing Threatens Retaliation
Security guards walk in front of containers at the Yangshan Deep Water Port in Shanghai, China, on April 24, 2018. Aly Song/File Photo/Reuters
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WASHINGTON/BEIJING—U.S. President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on June 15 as Beijing threatened to respond in kind, in a move that looks set to ignite another bout of trade disputes between the world’s two largest economies.
Trump said in a statement that a 25 percent tariff would be imposed on a list of strategically important imports from China. He also vowed further measures if Beijing struck back.