China targets U.S. farm belt with latest tariffs
China counterpunched with new tariffs against U.S. products in the latest round of an escalating trade fight between the world's two largest economies. The Chinese announced plans for 25 percent...
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JUDY WOODRUFF: It is the latest round in an escalating trade fight between the world's two largest economies. China counterpunched today, with new tariffs against U.S. products. The move fueled fears of disrupting trade that totals $650 billion a year. Lisa Desjardins begins our coverage. LISA DESJARDINS: In Beijing, China's vice commerce minister declared his country is reluctant to do battle, but ready. WANG SHOUWEN, Chinese Vice Minister of Commerce (through translator): China doesn't want a trade war, because there will be no winner in a trade war. If someone insists on starting a trade war, China will fight until the end. LISA DESJARDINS: With that, the Chinese announced plans for 25 percent tariffs on a list of American goods, includ...
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JUDY WOODRUFF: It is the latest round in an escalating trade fight between the world's two largest economies. China counterpunched today, with new tariffs against U.S. products. The move fueled fears of disrupting trade that totals $650 billion a year. Lisa Desjardins begins our coverage. LISA DESJARDINS: In Beijing, China's vice commerce minister declared his country is reluctant to do battle, but ready. WANG SHOUWEN, Chinese Vice Minister of Commerce (through translator): China doesn't want a trade war, because there will be no winner in a trade war. If someone insists on starting a trade war, China will fight until the end. LISA DESJARDINS: With that, the Chinese announced plans for 25 percent tariffs on a list of American goods, includ...
