China hits US with retaliatory tariffs as trade war threat grows

China has hit the US with retaliatory tariffs on a series on products including soybeans, chicken, beef and pork, of up to 15%, after the US decided to impose further 10% tariffs on Chinese imports as of March 4; the US has also slapped tariffs on imports from Mexico and Canada.

The Nikkei 225 fell 1.2% on Tuesday, March 4, and markets tumbed around the world as they reacted to US president Donald Trump's latest tariff moves. 

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