China Escalates Trade War Against The U.S.

Politico: Trump defiant as China escalates trade war

In retaliation, China announces tariffs on vehicles, soybeans and other American products.

President Donald Trump on Wednesday insisted the United States is “not in a trade war with China,” even as the Chinese government moved to impose new tariffs on imports of U.S. soybeans, cars, aircraft and chemicals, retaliation for tariffs Trump slapped on China late last month.

As worries grew of escalating economic attacks between the U.S. and China, the U.S. stock market dropped significantly at its open Wednesday morning, with the Dow Jones Industrial Average dipping nearly 500 points, which also reported the S&P 500 down 1.5 percent and the Nasdaq down 1.7 percent.

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More News On China Escalating Trade War Against The U.S.

China lists $50B of US goods it might hit with 25 pct tariff -- AP
US-China trade: Beijing responds with tariffs of its own -- BBC
China matches US's $50 billion

tariff threat -- DW
China retaliates to Trump tariffs with new levies on US products -- The Guardian
China to hit US soybeans, cars, planes with retaliatory tariffs -- AFP
China retaliates with $50 billion in tariffs on US goods -- RT
US hits back at China with plans to increase tariffs on 1,300 imports -- ABC News Online
US plans tariffs on $50bn in Chinese imports to protest alleged tech theft -- The Guardian
Soybean, aircraft and cars: Which US states will suffer most? -- DW
Taking shots at whiskey: the brewing US-China trade war -- AFP
China is no friend to the US -- Trump is right to take them on -- Harry J. Kazianis, FOX News