China hits US with retaliatory tariffs as trade war threat grows

China has hit the US with retaliatory tariffs on a series on products including soybeans, chicken, beef and pork, of up to 15%, after the US decided to impose further 10% tariffs on Chinese imports as of March 4.
March 04, 2025

The Nikkei 225 fell 1.2% on Tuesday, March 4, and markets tumbed around the world as they reacted to US president Donald Trump's latest tariff moves. 

As of the stroke of midnight on Tuesday, March 4, US time Donald Trump moved ahead with a further 10% tariffs on Chinese goods, on top of 10% tariffs which started on February 4 via a presidential executive order announced on the White House website.

In addition, up to 25% tariffs on goods from Mexico and Canada are also set to go ahead, with the exact details still emerging, although they seem now to have been delayed until...

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