https://techcrunch.com/2019/08/23/chinese-tariff-retaliation-presidential-tweets-and-market-unease-sends-exchanges-plummeting/ > After a week of modest gains, major stock indexes plummeted on Friday as China retaliated against U.S. tariffs by imposing $75 billion worth of tariffs on U.S. goods coming into the country. > China’s foreign ministry said that it would resume tariffs on U.S. imports of automobiles and auto parts and place an additional 5% or 10% tariff on agricultural and food products like soybeans, coffee, whiskey and seafood.