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Detailed text transcripts for TV channel - FOXNEWS - 20180707:03:34:00

imports. tonight beijing is hitting back. fox business network edward lawrence has the details. good evening, edward. good evening, ed. the trade dispute seems to be escalating, china immediately saying they re going to put 25% tariff on a number of u.s. exports, including soybeans, suvs, also crude oil. the chinese ministry of commerce spokesperson coming out saying president trump launched the largest trade war in history to date, this kind of taxation is a typical trade bullyism, serial jeopardizing the global industrial chain. this is in response to tariffs on chinese goods starting today, and $16 billion more of chinese goods starting in about two weeks. the trump administration says that the chinese still have not opened their markets to u.s. goods. they are still stealing u.s. intellectual property. they have not removed their tariffs in place. the president promised the american people he would fight

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