#TrumpCongressSpeech A China quickly responded to Trump's tariff increase, imposing tariffs of 10-15% on soybeans, pork, beef, chicken, and cotton from the U.S. starting March 10. The measure signals that Beijing is in no hurry for an agreement and is maintaining its calculated retaliation strategy. Markets reacted cautiously, with Asian indices falling but avoiding sharp losses. Meanwhile, China also banned the U.S. biotechnology company Illumina and imposed new restrictions on 10 U.S. companies.