China is retaliating against President Trump’s latest round of tariffs.
Starting next month, China will raise tariffs to 25 percent on 60-billion dollars worth of U.S. goods.
Roughly five-thousand items are affected by this new trade war.
It includes cotton, grains like wheat and wine. Other products like machinery and aircraft parts are also affected.
Friday, Trump implemented tariffs of 200 billion dollars worth of Chinese goods. He said China broke a trade deal.
Meanwhile, the dow plunged after China’s announcement.
Falling more than 630 points.