Beijing hit back with its own tariffs and export restrictions after being subjected to levies by President Trump. Trade experts said China appeared to aim for minimal short-term harm while showing the range of its possible responses.

Donald Trump’s quest to reform the United States economy by implementing tariffs is moving quickly. The U.S. President had barely been back in the White House for a week when he started taking steps toward levying tariffs against Canada,

The world’s two largest economies did not cut a deal to avert sweeping U.S. tariffs, which came into effect after midnight. Beijing immediately retaliated.