Trade Wars In an attempt to kick Washington in its natural resources, Beijing has revealed a list of US goods set to be affected by the first round of retaliatory tariffs that will come into effect on July 6. China will set a 25-percent tariff on 545 American products worth $50 billion in agriculture products, cars, and seafood, according to Chinese state-run Xinhua News Agency. The decision on the remaining 114 items, including chemicals, medical equipment, and energy industry products, will be “announced later.” Last week, the White House announced import levies targeting $50 billion of goods from China, aiming to curb unfair trade practices by Beijing. The measure, which comes into effect on July 6, targets 1,102 separate product categories, with the first package of tariffs to be applied to $34 billion of Chinese goods. China, the world’s largest commodities consumer, started levying additional taxes on American fruit, nuts, pork, and win