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.

President Donald Trump said Thursday tariffs of 25% on Mexican and Canadian goods are set to take effect on March 4, while also threatening to impose an additional 10% on Chinese imports on the same date.

US President Donald Trump threatened to double existing tariffs on China to 20% from next week, piling further pressure on the country’s beleaguered economy.

By Joe Cash, Mei Mei Chu and Xiuhao Chen BEIJING (Reuters) -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,