China Hits Back at Donald Trump Tariffs: ‘Serious Violation’ [Video]

The Beijing government has promised retaliation against U.S. President Donald Trump‘s new tariffs on Chinese exports after a raft of new trade measures also drew sharp condemnation from Mexico and Canada.

Why It Matters

The Trump administration hit Beijing with a 10-percent tariff, or a tax on foreign goods imported into the U.S., which is set to come into force on Tuesday.

The president also ordered 25-percent tariffs to be imposed on Canadian and Mexican imports. Trump had floated tariffs of up to 60 percent against China, prior to the November elections.

What To Know

The move by Trump is likely to mean prices will go up in the U.S., affecting both domestic consumers and businesses. The president has framed the decision as crafted to help stop the flow of drugs like fentanyl, a powerful opioid, into the country, as well …