China hits back with tariff hikes on $75bn worth of US goods
(WorldNews Business)

China announced plans to impose additional tariffs on $75 billion (Dh275bn) of American goods including soybeans, automobiles and oil - retaliation for President Donald Trump´s latest planned levies on Chinese imports that sent US stock futures tumbling. Some of the countermeasures will take effect on September 1, while the rest will come into effect from December 15, according to the announcement from the Ministry of Commerce. This mirrors the timetable the US has laid out for 10 per...