US-China trade war looms as Beijing vows retaliation to Trump's new tariffs taking effect today

China would reportedly hit back with a series of both tariffs and non-tariff measures in response to the additional 10 per cent duties imposed by Trump. American agricultural and food products were expected to be caught in the crossfire read more The US and China seem to be rushing head-first into a trade war. Representational Image- FP A trade war between US and China seems closer than ever before. US President Donald Trump had threatened China with an extra 10 per cent levy last week. In a little less than two hours, those tariffs are expected to come into force,…