Trade war b/w US & China, US impose additional $100 Million tariff

Washington, April 6: US President Donald Trump has said he is considering slapping an additional $100 billion in tariffs on Chinese goods, moving the world s two largest economies closer to an open trade brawl.Trump on late Thursday said that he was responding to "unfair retaliation" by China, which published a list on Wednesday of $50 billion in American products that would be hit by tariffs, including soybeans and pork.The move by China was a direct reaction to the tariffs on $50 billion in Chinese goods that the White House detailed on Tuesday.China s Ministry of Commerce responded, saying Beijing would "not hesitate to pay any price" to defend its interests. "We don t want a trade war, but we are not afraid of such a war," it said.The US President in his announcement said: "In light of China s unfair retaliation, I have instructed the US Trade Representative (USTR) to consider whether $100 billion of additional tariffs would be appropriate.