China Fires Back, Announcing Tariffs On US Planes, Cars And Soybeans

(CNN Money) — China is punching back in the escalating trade dispute with the United States, announcing plans for heavy new tariffs on dozens more US goods including aircraft and autos.
The Chinese Ministry of Commerce on Wednesday said it plans to impose a 25% tariff on $50 billion worth of US exports. The 106 affected products will also include soybeans and chemicals.
China’s announcement is a direct response to the Trump administration’s publication Tuesday of a li