U.S. - China Trade War Begins -- News Updates July 6, 2018





CNBC: China accuses the US of launching the 'largest trade war in economic history'

* The U.S. imposes tariffs on $34 billion of annual imports from China.
* This prompts Beijing to respond in kind with levy tariffs on U.S. imports.
* China's soy meal futures plunged over 2 percent during Friday afternoon trade in Asia before recovering most of its losses, amid market confusion over whether Beijing had actually implemented tariffs on soybeans and other U.S. goods.

China immediately slapped retaliatory tariffs on U.S. imports on Friday after the U.S. imposed dutieson $34 billion worth of Chinese products, signaling the start of a full-blown trade war between the world’s two largest economies.

President Donald Trump’s administration imposed the promised tariffs at midnight Washington time. That prompted Beijing to respond in kind with levies on U.S. imports.

China's Foreign Ministry said did not provide any immediate detail on the implementation or scale of these charges, but the Communist Party newspaper People's Daily said they were imposed on a $34 billion list of goods issued last month that included soybeans, pork and electric vehicles.

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U.S. - China Trade War Begins -- News Updates July 6, 2018

The Latest: China files another complaint to WTO over US -- AP
China blames U.S. for 'largest-scale trade war' as tariffs kick in -- Reuters
China hits

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