China raises tariffs on US goods
China on Saturday increased tariffs on billions worth of United States (US) goods as it prepares to unveil a blacklist of "unreliable" foreign companies that analysts say aims to punish US and foreign firms cutting off supplies to telecoms giant Huawei.Beijing's move hits US$60 billion worth of US goods with new punitive tariffs ranging from five to 25 percent, and comes in retaliation for Washington raising duty on US$200 billion in Chinese goods to 25 percent.Washington and B