China announces counter tariffs on US goods

China says it will slap tariffs on 128 US products including steel, pork and wine.

The move comes after President Trump announced some 60 billion dollars worth of tariffs on Chinese goods.

The White House says the move is an effort to tackle Chinese intellectual property theft.

Markets have plunged in response to the tit-for-tat, but US correspondent Steve Mort says the administration believes the tariffs are justified.

IN: "A historic…
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CLIP: http://fsnradionews.com/feeds/0322Trade-Mort1.mp3

ALT: US correspondent Steve Mort says the White House has leveled several accusations at China.

IN: "The US…
OUT: … intellectual property"
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CLIP: http://fsnradionews.com/feeds/0322Trade-Mort2.mp3

B/A: Separate US tariffs on worldwide steel and aluminium imports are due to come into force on Friday.