SHANGHAI/WASHINGTON (Reuters) - China's state media lashed out at U.S. President Donald Trump on Friday, accusing the White House of behaving like a "gang of hoodlums" as the world's two biggest economies careened toward the start of an outright trade war.
The United States is set to impose tariffs on $34 billion of Chinese imports from 0401 GMT on Friday and has warned it may ultimately target over $500 billion worth of Chinese goods, or roughly the total amount that the United States imported from China last year.
Beijing has vowed to immediately respond with an equal amount of tariffs of its own against U.S. autos, agricultural and other products, though it is unclear how swiftly the actions could escalate into an all-out trade war. |