CHINA STRIKES BACK IN TRADE SCRAP

     President Donald Trump’s administration said on Wednesday talks with Beijing could resolve an escalating U.S.-China trade fight after China retaliated against U.S. proposals to slap tariffs on $50 billion in Chinese goods by targeting key American imports with similar duties.
    Just 11 hours after the Trump administration proposed 25 percent tariffs on some 1,300 Chinese industrial, technology, transport and medical products, China responded with a list of similar duties on key American imports including soybeans, planes, cars, beef and chemicals.
     Global stock markets, fearful of a trade war between the world’s two economic superpowers, were shaken by the salvos between China and the United States but have since regained some lost ground.