Donald Trump sets 25% tariff on $50 bn of Chinese goods, faces retaliation

Plans to roll out new list of tariffs on Chinese imports worth $100 billion, if Beijing strikes back

US President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday as Beijing threatened to respond in kind, in a move that looks set to ignite a trade war between the world's two largest economies.

Trump, whose hardline stance on trade has led him to wrangle with allies, said in a statement that a 25 per cent tariff would be imposed on a list of strategically important imports from China. He also vowed further measures if Beijing struck back. “The United States will pursue additional tariffs if China engages in retaliatory measures, such as imposing new