Consumers wary as China hits back with $35 billion trade war tariffs

Accusing the United States of “typical trade bullying,” China on Friday imposed $34 billion in retaliatory tariffs on American soybeans, cars and other products, suggesting dim prospects for resolving a potentially bruising trade war between the two economic powerhouses.   As it has in the past, China used the moment to cast itself as a defender of the global trade order.

Beijing officials portrayed Trump’s threats to tax as much as $450 billion worth of Chinese goods as a threat to global prosperity. China’s.

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