China retaliates in latest wave of Trump's trade war

U.S. and China representatives.
(Image credit: MARK SCHIEFELBEIN/AFP/Getty Images)

It's only been hours since the U.S. launched its latest attack in President Trump's tariff war, and China is already firing back.

On Tuesday, the U.S. unveiled another 25 percent tariff on $16 billion of Chinese goods. China precisely returned the charges Wednesday morning, tossing a 25 percent tariff on $16 billion of American products, per Bloomberg.

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Kathryn Krawczyk

Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.