Trump to slap 25% tariffs on Chinese goods; China replies

The Trump administration will impose a 25 percent tariff on up to $50 billion in Chinese goods, a decision that brought swift condemnation from Beijing as trade conflicts between the world's two largest economies escalate.

In a statement Friday, President Donald Trump said the measures will affect Chinese goods "that contain industrially significant technologies." The action comes "in light of China's theft of intellectual property and technology and its other unfair trade practices," he added.

Trump noted that the White House could impose additional tariffs if China retaliates with duties of its own on American crops or other products.

China's Commerce Ministry responded quickly to Trump's statement:

"We will immediately introduce taxation measures of the same scale and the same strength. All the economic and trade achievements previously reached by the two parties will no longer be valid at the same time," Beijing said in a statement translated by CNBC. Ας συνδεθούμε στο LinkedIn για να διαβάζετε πρώτοι τα άρθρα -->