China retaliates in tariff talks, proposes duties on US soybeans, beef

China hit back quickly on Wednesday against the Trump administration's plans to impose tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key U.S. imports including soybeans, planes, cars, beef and chemicals. Because the actions will not be carried out immediately, there may be room for maneuver. Publication of Washington's list starts a period of public comment and consultation expected to last around two months. The effective date of China's moves depends on when the U.S. action takes effect. –Reuters Read more…