Chinese shares extend weekly losses as U.S. tariffs kick in

By Andrew GalbraithSHANGHAI (Reuters) - China's stocks clawed back earlier losses on Friday but lengthened a string of weekly declines as Washington's tariffs on Chinese goods took effect, escalating the trade row between the world's two largest economies.The yuan weakened against the dollar on the day.

The United States imposed tariffs on $34 billion of Chinese imports at 0401 GMT Friday. Beijing said it had no choice but to respond in kind, but was yet to outline the full extent of any retaliatory measures.The benchmark CSI300 Index closed.....

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