China's JD.com to Spend 200 Billion Yuan to Help Exporters Go Domestic Amid Trade War

Reuters
04-11

BEIJING, April 11 (Reuters) - China's e-commerce giant JD.com announced on Friday it will launch a 200 billion yuan ($27.35 billion) fund aimed at helping the country's exporters sell their products domestically, as a U.S.-China trade war intensifies.

Beijing on Friday increased its tariffs on U.S. imports to 125%, hitting back against U.S. President Donald Trump's decision to hike duties on Chinese goods to 145%.

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