(6 Jul 2018) The United States hiked tariffs on Chinese imports Friday and Beijing said it would be forced to counterattack in a dispute between the world's two biggest economies that President Donald Trump says he is prepared to escalate.
Washington increased tariffs at 12:01 a.m. Eastern time (0401 GMT) on 34 billion US dollars worth of Chinese imports, a first step in what could become an accelerating series of tariffs.
China's Commerce Ministry said it would be "forced to make a necessary counterattack."
It gave no immediate details but Beijing earlier released a target list of American goods for retaliation including soybeans, electric cars, whiskey, pork and pork products.
Ohio pig farmer Brian Watkins expressed the worry that the tariffs would rob him of the majority of his profits.
Watkins said he's worried that a prolonged trade dispute could take the US out of the pork equation as the global market becomes reliant on other countries' production.
He said he thought trade would be a big issue on farmers' minds as they take to the polls in auturmn.

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