China slaps tariffs on $75 billion of U.S. goods
Topics: CHINA U.S. TARIFFS
This is the latest in the ongoing trade war as the United States prepares to place tariffs on another $300 billion worth of Chinese goods in September.
This "reinforces America's perception of China as a bad actor" said Trump's trade advisor Peter Navarro during an interview on FOX Business immediately after the tariffs were announced.
U.S. stock futures reversed course on the news.
Earlier in the morning, Hu Xijin, editor in chief at the Chinese state-run Global Times tweeted: “China has ammunition to fight back. The US side will feel the pain.” ■