China has American agricultural exports in its cross hairs as it prepares countermeasures against fresh U.S. import tariffs, China's state-backed Global Times reported, raising the stakes in an escalating trade war between the world's top two economies.

Chinese President Xi Jinping is riding high as he prepares for the annual National People’s Congress in Beijing later this week. Donald Trump may just ruin the party.

China is reportedly preparing countermeasures against fresh U.S. import tariffs that are set to take effect on March 4, with American agricultural exports likely to be targeted. “China is studying and formulating relevant countermeasures in response to the U.

Beijing is looking to impose countermeasures on the US' agricultural sector after the Trump administration slapped China with an extra 10% tariff last week.

The outlook for emerging Asian currencies is worsening again after US President Donald Trump announced new tariffs on China, curbing optimism that his threats were mainly bargaining ploys.

China is preparing countermeasures against new U.S. tariffs, focusing on American agricultural exports, according to the state-backed Global Times. This move comes after U.S. President Donald Trump announced an