Policy Developments Will China Ultimately Retaliate? Coming on the heels of President Trump’s announcement last week confirming that his administration would implement its proposed 25 percent tariff on $50 billion worth of exports from China, Beijing said it would respond in kind with tariffs of a similar threshold on imports from the U.S., including agricultural products and seafood. Not to be outdone, President Trump said on Monday that he had instructed U.S. Trade Representative Robert Lighthizer to come up with an additional list of items covering $200 billion worth of Chinese products. For its part, China noted that if the U.S. continues on this path and implements such practices, it would be left with no choice but to take str...