China retaliates over US tariffs

China has taken aim at the United States after President Donald Trump leveled tariffs against the country.

Trump signaled plans to impose tariffs on $50 billion worth of Chinese goods, put new investment restrictions in place and take action against China at the World Trade Organization. The move follows a seven-month investigation into intellectual property theft.

China could slap tariffs on $3 billion worth of U.S. goods, officials said. The tariffs would target U.S. pork, steel pipes and other products.

Officials with China's Commerce Ministry said its actions were not in response to Thursday's move by Trump. Rather, the decision followed the U.S. tariffs on imports of steel and aluminum earlier in March.

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