BEIJING: China imposed tariffs on US exports and added 10 firms to an unreliable entity list in retaliation for the Trump administration’s new levy, escalating a trade war between the world’s two largest economies.
Beijing said it would charge a duty as high as 15% on American goods, including chicken and cotton, after the United States doubled a tariff on all Chinese exports to 20% yesterday. Soybeans will face a 10% tariff.
