China has imposed retaliatory tariffs on the US, its embassy in Washington said on Sunday — hitting about $14bn worth of goods and dashing hopes that a trade war between the world’s two largest economies could be avoided.
Beijing announced the tariffs last week in response to a US decision to impose an additional 10 per cent levy on Chinese products, which US President Donald Trump called an “opening salvo” in a renewed trade offensive against China.
Compared with the blanket US tariffs, China’s measures — which target US exports of liquefied natural gas, coal, crude oil and farm equipment as well as some automotive goods with levies of 10 per cent to 15 per cent — were seen as creating space for negotiations to avert a wide trade conflict.
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