March 23, 2018 12:30 PM, EDT

China Hits Back at Trump With Planned Tariffs on $3 Billion of US Imports

Container ships sit moored next to shipping containers and gantry canes in Hong Kong, China. (Anthony Kwan/Bloomberg News)

China announced plans for reciprocal tariffs on $3 billion of imports from the U.S., including products from steel to pork, after President Donald Trump’s move to order levies on a range of Chinese goods sent markets plunging.

China plans to take legal action against the U.S. under the World Trade Organization framework, the Commerce Ministry said in a statement March 23. It plans a 25% tariff on U.S. pork imports and 15% tariffs on American steel pipes, fruit and wine, the statement said.

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In the statement, China urged the U.S. to resolve the trade dispute via dialogue.

Trump earlier instructed U.S. Trade Representative Robert Lighthizer to levy tariffs on at least $50 billion in Chinese imports. Within 15 days, USTR will come up with a proposed list of products that will face higher tariffs.

With assistance by Li Liu