China Responds to US With $50 Billion Worth of New Tariffs of its Own—Including 25% on US Cotton

China has made its latest move in the ongoing tariff battle with the United States, announcing immediately after the U.S. tariff news Wednesday that it will slap 25 percent tariffs on $50 billion worth of American goods. According to a statement from China’s Ministry of Commerce Wednesday, the U.S. isn’t playing fair in its effort…