China announces retaliatory tariffs on 128 US products
BEIJING - China on Friday announced it would impose retaliatory import tariffs on 128 U.S. products - goods that amount to $3 billion - targeting staples that include California wines, fruits and almonds.
The move follows President Donald Trump's decision this week to slap tariffs on about $50 billion worth in Chinese goods, triggering a potentially damaging trade confrontation with Beijing.
Officials said the proposed actions were in response to the White House's previous tariffs on steel and aluminum, which took effect Friday. But the timing, hours after Trump made his White House announcement impose tariffs specifically aimed at China, sent an unmistakable message.
The lopsided
