Reuters
China hit back quickly on Wednesday against U.S. plans to impose tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key American imports, including soybeans, planes, cars, beef and chemicals in a move that sent global markets lower.
Beijing responded after U.S. President Donald Trump's administration targeted 25 percent tariffs on some 1,300 Chinese industrial technology, transport and medical products, acting less than 11 hours later in a sharp escalation of the trade dispute between the world's two economic superpowers.
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