a champion of free trade. it said it plans to impose duties on three billion dollars worth of imports from the u.s. including pork apples wine and steel pipes. but it s also indicated that it might consider targeting major players such as boeing apple and intel. china is the world s largest producer of steel if exports to the u.s. are hit with tariffs it will likely seek to boost sales elsewhere including europe . it s also possible that the u.s. might threaten to impose tariffs on clothes and high tech goods from china or even do so. if china wants to play hardball and launch a large scale retaliation it consider might. the slowing its purchases of u.s. treasuries it already holds more u.s. debt than anyone else. player is cecilia malmstrom the european union s trade