China announces retaliatory tariffs on $3 billion in US exports

By Katelyn Caralle

Published April 2, 2018 12:09pm ET

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China announces retaliatory tariffs on $3 billion in US exports — Women push a shopping cart near nuts and sweets imported from the United States and other countries displayed on a section selling imported foods at a supermarket in Beijing, Monday, April 2, 2018. China raised import duties on a $3 billion list of U.S. pork, fruit and other products Monday in an escalating tariff dispute with President Donald Trump that companies worry might depress global commerce. | (Andy Wong/AP)

China announced Sunday it will impose retaliatory tariffs on 128 products it imports from the U.S. response to President Trump’s decision to impose tariffs on steel and aluminum imports.

In a statement from Beijing’s Ministry of Finance, China said it would raise tariffs on seven different categories of imports in order to protect its interests and balance the losses from Trump’s decision.

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Beijing China Donald Trump Tariffs Trade United States