Donald Trump fired off a furious response to the news that China is retaliating to his trade war by slapping 34 percent tariffs on all goods imported from the U.S. “CHINA PLAYED IT WRONG, THEY PANICKED - THE ONE THING THEY CANNOT AFFORD TO DO!

As with earlier countermoves to U.S. trade penalties, Beijing hit back with targeted action, as well as its universal 34% tariff on all products from the U.S. The C

China said on Friday it will impose reciprocal 34% tariffs on all imports from the United States from April 10, making good on a promise to strike back after US President Donald Trump escalated a global trade war.