China strikes back with duties on U.S. soybeans, planes; markets drop | Reuters
'The Office of the United States Trade Representative has scheduled a May 15 public hearing on the tariffs. '
'China ran a $375 billion goods trade surplus with the United States in 2017. '
'Asked by reporters outside the White House whether the United States could lose a trade war, Kudlow said, “No. '
'The list extends to tobacco and whiskey, both produced in states including Kentucky, home of U.S. Senate Majority Leader Mitch McConnell, like Trump a Republican. '
'BEIJING/WASHINGTON (Reuters) - China hit back quickly on Wednesday against U.S. plans to impose tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key American imports including soybeans, planes, cars, beef and chemicals in a move that sent global markets lower. '
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'The Office of the United States Trade Representative has scheduled a May 15 public hearing on the tariffs. '
'China ran a $375 billion goods trade surplus with the United States in 2017. '
'Asked by reporters outside the White House whether the United States could lose a trade war, Kudlow said, “No. '
'The list extends to tobacco and whiskey, both produced in states including Kentucky, home of U.S. Senate Majority Leader Mitch McConnell, like Trump a Republican. '
'BEIJING/WASHINGTON (Reuters) - China hit back quickly on Wednesday against U.S. plans to impose tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key American imports including soybeans, planes, cars, beef and chemicals in a move that sent global markets lower. '
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