Trade wars: China hits back at Trump’s tariffs with new levies on US imports

China has announced retaliatory tariffs on US goods, including a 15% levy on chicken, wheat, corn, and cotton, and a 10% increase on soybeans, pork, and seafood. It also restricted 25 US companies and plans to sue the US at the WTO. The move follows Washington’s 10% tariff hike on Chinese imports. Analysts see Beijing’s response as restrained. Meanwhile, China’s Two Sessions summit is discussing economic policies, AI content review, and farmer income. Beijing warns its tariffs will take effect on March 10 unless the US resumes negotiations. Al Jazeera’s Katrina Yu reports from Beijing. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Download AJE Mobile App: https://aje.io/AJEMobile #China #XiJinping #UnitedStates #DonaldTrump #TrumpTariffs #TradeWar #Tariffs #ChinaTariffs #TrumpEconomicPolicy #USAgriculture #AlJazeeraEnglish