China is hitting back against tariffs on 50-billion dollars worth of Chinese imports to the U.S. President Trump Friday unveiled the 25-percent tariff in response to what he calls China's unfair trade practices. Chinese finance authorities responded yesterday by slapping an extra 25-percent tariff on 34-billion dollars worth of products imported from the U.S. Those on the list include soybeans, electric cars, orange juice, salmon, whiskey and cigars. China said more tariffs will be coming. On Friday, China's foreign ministry accused the U.S. of going back on earlier agreements and starting a trade war.
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