China imposes retaliatory tariffs on 128 U.S. exports

China raised tariffs on 128 U.S. products including pork and fruit Monday in retaliation for recent U.S. steel and aluminum import restrictions, raising fears of a trade war between the world's two largest economies.The tariffs were set at 15 percent on 120 items including fruit and 25 percent on pork and seven other products, according to a statement by the Chinese government dated Sunday. U.S. exports of such goods to China totaled $3 billion last year.The measure is a response to a 25 percent tariff on steel imports and 10 percent on aluminum imports U.S. President Donald Trump announced…READ FULL ARTICLE