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Article snippet: MORE’s trade war with China officially gets underway Friday with tariffs on $34 billion of Chinese imports, a move that Beijing has promised to reciprocate in the latest escalation between the world’s two largest economies. Chinese officials on Thursday said they were prepared to respond with tariffs on $34 billion worth of American goods, raising serious concerns among industry leaders in the U.S. agricultural, manufacturing and technology sectors and increasing the odds of billions more in import taxes for both countries in the coming months. The Customs and Border Protection's website confirmed on Thursday that the new tariffs on Chinese goods will take effect Friday at 12:01 a.m. Eastern, when the U.S. targets 818 of China's technology products, including auto parts, and aerospace and medical instruments. China is expected to impose retaliatory tariffs on 545 high-value American exports, such as soybeans, seafood, SUVs and crude oil. U.S. business groups, lawmakers on Capitol Hill and foreign leaders have pleaded with Trump to rethink his tariffs strategy, which has already led to billions in retaliatory duties from Mexico, Canada, the European Union and other countries as a result of the administration’s duties on steel and aluminum imports that were first imposed in late March. Soybean farmers, along with most of the U.S. agriculture community, have been appealing to Trump to defuse the trade conflict with China, which imported 31 percent of U.S. soybeans ... Link to the full article to read more