China retaliated Wednesday against U.S. plans to apply tariffs on 106 imports by issuing a US$50-billion list of U.S. goods including soybeans, whisky, beef, industrial chemicals and small aircraft for possible tariff hikes in the escalating dispute. Chinese production of meat from those three animals surged 250 percent from 1986 to 2012 and is projected to increase another 30 percent by the end of the current decade.
China threatens tariffs of 25% on the import of 106 U.S. products, including soybeans and Boeing aircraft in reaction to a previous U.S. threat of tariffs worth up to $50 billion.