- A 25% tariff is now being applied to $34 billion worth of Chinese goods entering the United States.
- China has called the US move "typical trade bullying" and warned that retaliation would be swift.
- China didn't immediately announce reciprocal tariffs on US imports but reports suggest China's General Administration of Customs is delaying US imports at major Chinese ports.
After months of speculation as to whether or not it would occur, the trade war between the United States and China is now underway in earnest.
A 25% tariff is now being applied to $34 billion worth of Chinese goods entering the United States, an amount China's government has previously promised to match on US imports.
See the rest of the story at Business Insider
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