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US hikes tariffs on China goods; Beijing says it will retaliate

Little progress made during talks between top Chinese trade envoy and US counterparts on Thursday

A Cosco ship at Shanghai's container port. The new tariffs that took effect on Friday raise from 10 per cent to 25 per cent the duties on more than 5,700 different product categories from China - ranging from cooked vegetables to Christmas lights.


THE US hiked tariffs on more than US$200 billion in goods from China on Friday in the most dramatic step yet of President Donald Trump's push to extract trade concessions, deepening a conflict that has roiled financial markets and cast a shadow...

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