Trump says China 'panicked' with tariff response

President Trump on Friday chastised China after Beijing responded to major U.S. tariffs with equal duties of its own on U.S. goods.

"China played it wrong, they panicked - the one thing they cannot afford to do!" Trump posted on Truth Social.

China's Finance Ministry announced Friday it would impose a 34 percent tariff on imports from the United States, matching the 34 percent tariff the Trump administration announced on China earlier in the week as part of sweeping tariffs on more than 100 countries.