Trade tensions between the US and China are heating up. This is marked by China's immediate response when the US plans to impose new tariffs on more than 1000 products from China. China said it would impose 25 percent tariff on 106 products from the US. Among these products are soybeans, cars, and orange juice drinks. The plan was announced by China just hours after the White House releases details about 1,300 products that will be subject to import tariffs of 25 percent. Products targeted by the US include television and motorcycles made in China. The White House said the plan was a response to China's unfair intellectual property practices. Mutual repayment between China and the US is causing the European stock market plummeted because of the selling action of investors in an instant. In New York, the Dow Jones index is expected to open lower around 550 points. Earlier, Beijing said it is strongly opposed the plan of imposition of import tariffs made by the US. Ch...