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US-China trade war escalates as both sides announce new tariffs: The United States and China imposed more tariffs on billions of dollars worth of each other’s products on Thursday in the latest escalation in a trade war between the world’s two largest economies.

American penalties apply to $16bn worth of Chinese goods including automobiles, factory machinery, and metals.

China had to “continue to make the necessary counter-attacks”, its commerce ministry said in a statement immediately after US tariffs began at 04:00 GMT.

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US-China trade war escalates as both sides announce new tariffs: The United States and China imposed more tariffs on billions of dollars worth of each other’s products on Thursday in the latest escalation in a trade war between the world’s two largest economies.American penalties apply to $16bn worth of Chinese goods including automobiles, factory machinery, and metals. China had to “continue to make the necessary counter-attacks”, its commerce ministry said in a statement immediately after US tariffs began at 04:00 GMT.US-China trade war escalates as both sides announce new tariffs: The United States and China imposed more tariffs on billions of dollars worth of each other’s products on Thursday in the latest escalation in a trade war between the world’s two largest economies.American penalties apply to $16bn worth of Chinese goods including automobiles, factory machinery, and metals. China had to “continue to make the necessary counter-attacks”, its commerce ministry said in a statement immediately after US tariffs began at 04:00 GMT.China had to “continue to make the necessary counter-attacks”, its commerce ministry said in a statement immediately after US tariffs began at 04:00 GMT.China had to “continue to make the necessary counter-attacks”, its commerce ministry said in a statement immediately after US tariffs began at 04:00 GMT.