China’s retaliatory tariffs on US farm goods kick in, as trade war escalates – business live

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03.51 EDT China's retaliatory tariffs on US farm goods kick in as trade war escalates Another front in Donald Trump’s trade wars opened up this morning, as China’s retaliatory tariffs on US imports kicked in. The tariffs, announced last week, target about $21bn of agricultural imports from the US, in response to the extra 10% tariff imposed on China’s exports to the US by Trump. Beijing’s move covers a wide range of commodities. Imports of US-grown chicken, wheat, corn and cotton will face an extra 15% tariff, the Chinese ministry said last week. Tariffs on sorghum, soybeans, pork, beef, seafood,...