Beijing also announced that it adds several US entities to an export control list and characterizes others as “unacceptable” entities.
China announced 34% additional tariffs on Friday in US products, in the most serious escalation of the trade war with President Donald Trump, who has triggered fears of recession and has caused a worldwide collapse of stock markets.
Beijing also announced that it adds several US entities to an export control list and characterizes others as “unacceptable” entities.
Countries from Canada to China have prepared retaliation in a escalating trade war, following Trump’s decision this week to increase US duties to the highest level for more than a century, leading to a dip in global financial markets.
SOURCE: KYPE