American farmers caught in the middle of global trade war

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Chinese state media blamed President Donald Trump's administration for playing a "disgraceful" role in disrupting the global economic order after the world's two largest economies moved to the brink of a trade war when the US announced tariffs on Chinese imports, prompting immediate retaliation from Beijing.

Trump is due to unveil revisions to his initial tariff list targeting $50 billion of Chinese goods on Friday.

Beijing will impose an additional 25 percent tariff starting July 6 on 545 products from the United States including soybeans, electric cars, orange juice, whiskey, lobsters, salmon and cigars, according to the Ministry of Finance.

In a statement on Friday, the State Council's Customs Tariff Commission said the US was violating the rules of the World Trade Organization, and contradicting previous negotiations between Washington and Beijing.

China responded immediately, saying it will impose comparable taxes on U.S. goods, despite threats from Trump that such a move would results in further retaliatory measures. Beijing is also considering reciprocal measures in response.


President Donald Trump officially announced tariffs on $US50 billion worth of Chinese goods Friday.

Buick buyers may be in for some sticker shock after President Donald Trump's tariffs on $50 billion in Chinese imports. The Republican president announced a 25 percent tariff on up to $50 billion worth of Chinese goods on Friday.

Mr Trump has already slapped tariffs on steel and aluminium imports from Canada, Mexico, Europe and Japan, drawing a rebuke from U.S. allies.

In turn, China's Commerce Ministry issue a quick statement, saying that it would "immediately introduce taxation measures of the same scale and the same strength". Officials said the list of products does not include common consumer products, such as cell phones and TVs. Among the affected $16 billion in USA goods include crude oil, natural gas, coal and some refined oil products.

Beijing's tariffs on U.S. goods will start on July 6 - the same day as Trump's announced restrictions - and will apply to agricultural products as well as cars. They say those violate Chinese market-opening commitments under the World Trade Organization.


The "Made in China 2025" initiative is aimed at accelerating China's prowess and narrowing its competitiveness gap with the United States and other industrial powers in key technologies such as robotics and semiconductors.

"In the face of the US' short-sighted behaviour that hurts others and itself, China has to respond strongly and firmly defend the interests of the country and the people, and resolutely safeguards economic globalization and the multilateral trading system", the ministry added.

The moves increase the trade dispute between the world's two largest economies. "Thus, there will be an impact on growth, in China, the United States and elsewhere, at a sensitive time for the global economy".

U.S. Trade Representative Robert Lighthizer described the tariffs Friday as a "defensive" action.


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