China strikes back with duties on U.S. soybeans, planes; markets drop

BEIJING/WASHINGTON (Reuters) - China hit back quickly on Wednesday against U.S. plans to impose tariffs on $50 billion (35.67 billion pounds) in Chinese goods, retaliating with a list of similar duties on key American imports including soybeans, planes, cars, beef and chemicals in a move that sent global markets lower.

from Reuters: Top News http://uk.reuters.com/article/uk-usa-china-trade/china-strikes-back-with-duties-on-u-s-soybeans-planes-markets-drop-idUKKCN1HA2R3?feedType=RSS&feedName=topNews