China has imposed retaliatory tariffs on the US, its embassy in Washington said on Sunday — hitting about $14bn worth of goods and dashing hopes that a trade war between the world's two largest economies could be avoided. Beijing announced the tariffs last week in response to a US decision to impose an additional 10 per cent levy on Chinese products, which US President Donald Trump called an "opening salvo" in a renewed trade offensive against China.
Compared with the blanket US tariffs, China's measures — which target US exports of liquefied natural gas, coal, crude oil and farm equipment as well as some automotive goods with levies of 10 per cent to 15 per cent — were seen as creating space for negotiations to avert a wide trade conflict.
China imposes retaliatory tariffs on $14bn worth of US goods
Asked by a moderator if the EU had a "list of cruelties" with which to respond if the U.S. imposed tariffs, Scholz, well behind Merz in the polls, said: "Yes, to phrase it in the most cautious diplomatic way. We as the European Union can act within an hour."
Europe can act "within an hour" if US levies tariffs - Germany's Scholz
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