Tariffs worth $34 billion on Chinese goods took effect at 12:01 a.m. EST (0400GMT).<\/p>\n
The White House initially announced in April that it was planning to slap China with $50 billion in tariffs, and added in June they could “contain industrially significant technologies”.<\/p>\n
The new tariffs come “in light of China\u2019s theft of intellectual property and technology and its other unfair trade practices,” the White House said in a statement on June 15.<\/p>\n
As a response, Beijing is expected to impose retaliatory tariffs on Friday against the U.S., which could escalate the trade war between the world’s two biggest economies and have a spillover effect on other regions.<\/p>\n
On Thursday, Gao Feng, Chinese Commerce Ministry spokesman said China would not \u201cfire the first shot\u201d.<\/p>\n
\u201cHowever, if the United States adopts taxation measures, China will be forced to fight back to defend the core interests of the nation and the interests of the people,\u201d Gao said.<\/p>\n
Tariffs on other $16 billion of products are scheduled for a later date.<\/p>\n
After the Trump administration announced imposing tariffs of 25 percent on steel and 10 percent on aluminum imports in March, China said it would impose $3 billion worth of tariffs, between 15 to 25 percent, on 128 American goods.<\/p>\n
After Washington’s plan to impose 25 percent tariffs on 1,300 Chinese goods that are worth $50 billion in April, Beijing immediately said it will place 25 percent tariffs on 106 American goods worth $50 billion.<\/p>\n
The U.S.’s trade deficit with China was $347 billion in 2016.<\/p>\nError, group does not exist! Check your syntax! (ID: 10)<\/span>\n","protected":false},"excerpt":{"rendered":" The U.S. government has officially begun implementing tariffs worth $34 billion on Chinese imports signaling the start of a trade war.<\/p>\n","protected":false},"author":3,"featured_media":61270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30,80,101,14],"tags":[2381,6022,260,1388],"class_list":["post-61269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia","category-breaking-news","category-politics","category-world","tag-china","tag-us","tag-washington","tag-white-house"],"_links":{"self":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts\/61269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/comments?post=61269"}],"version-history":[{"count":0,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts\/61269\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/media\/61270"}],"wp:attachment":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/media?parent=61269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/categories?post=61269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/tags?post=61269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}