China is making good on its trade threats. Tariffs on about $3 billion worth of US imports will go into effect today.
The move will impact roughly 128 products, in all. The sanctions that were first proposed over a week ago are in response to President Donald Trump’s tariffs on imports of steel and aluminum.
China plans to impose tariffs of 15% on items such as fruits, nuts, wine, and steel pipes and 25% on items like pork and recycled aluminum.
Cina has repeatedly said it wants to avoid a trade war but warned that it will take necessary counter-measures to defend its interests.