The move comes after Trump delayed some tariffs on Chinese goods.
in the trade wars happened Friday when China announced tariffs on $75 billion of American goods and cars, in a retaliatory move against President Trump, after he delayed some tariffs on Chinese goods to bolster the U.S. holiday shopping season.“In response to the measures by the U.S.
, China was forced to take countermeasures,” said the Chinese State Council in a statement Friday.The markets could react further after U.S. Federal Reserve chair Jerome Powell’s Friday speech, which mightTrump tweeted, “The Economy is strong and good, whereas the rest of the world is not doing so well,” right before the Council’s announcement.
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