The trade war round escalated from both ends on Sept. 1 as the United States tallied 15 percent duties on about $112 billion (€102.1 billion) worth of products imported from China as part of a plan announced previously to impose tariffs on Chinese goods worth $300 billion (€273.5 billion).

As part of its retaliation measures, the Chinese government hit back increasing duties by 5 percent on yellow soybeans and 10 percent on frozen lobster and shrimp.