China threatens US with tariffs, says 'not afraid of trade war'

In what he called "the first of many" trade actions, President Donald Trump signed an order imposing tariffs on at least $50 billion in Chinese products. (AFP)

China warned the United States on Friday that it was "not afraid of a trade war" as it threatened tariffs on $3 billion worth of US goods in retaliation over President Donald Trump's moves against Chinese imports.

Beijing unveiled a hit list of products that could face duties of up to 25 percent, from fresh fruit to pork and wine, though it stopped short of pulling the trigger as it indicated its readiness to negotiate an agreement.