SCMP: China announces fresh tariffs on US$75 billion of US products
* Beijing to raise tariffs on items originating in the US from 5 per cent to 10 per cent in two batches
China announced on Friday it will impose as much 10 per cent on US$75 billion worth of US products following US President Donald Trump’s threats to impose new tariffs on Chinese imports next month, state media reported.
China said it would raise tariffs on items originating in the US from 5 per cent to 10 per cent, and the new tariffs will be implemented in two batches from September 1 and December 15. The duties are in retaliation for the US government’s 10 per cent tariff on US$300 billion worth of Chinese goods.
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WNU Editor: Expect a rough day on the markets.
More News On China Imposing New Tariffs On U.S. Goods
China announces tariff hike on $75 billion of US products -- AP
China strikes back in trade dispute with U.S. with new tariffs -- Reuters
China Hits U.S. With Higher Tariffs on Soybeans, Cars, Oil -- Bloomberg
China hits U.S. with tariffs on $75 billion worth of goods, reinstates auto levies, state media report -- The Washington Post
China retaliates against the US with tariffs on $75B worth of American goods -- USA Today
Trade war: China slaps tariffs on $75B of U.S. goods -- Fox News
6 comments:
Thanks Trump!
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ANON 9:28 DID NOT READ OR IS NOT TAKING INTO ACCOUNT OR IS IGNORING THIS STORY.
"Is President Trump's Tariff War Dragging Down China's Growth?"
Markets have not and will not panick on the China issue.
Every single hedge fond knew this was coming. Knew it for years, if they've paid any attention to candidate Trump. Trump even back in the 80s said this was the core issue he would ever consider doing when president. It's all on youtube. I recommend those people who still don't understand him and this historic moment to watch. Watch what he said 30+ years ago. Maybe then you will switch channels. I can only hope.
This is more about China not the US. The US is in a very strong position and China cannot undo that. Worried though; what is next with China, too many pressure points.
The new Chinese tariffs are targeting goods originating from certain US swing states. States that Trump wasn't supposed to win, but did by a small margin.
Their hope is that this will damage Trump politically and will cause him to lose in 2020.
/Wonder if there's any "collusion" between the Chicomms and Democrat Party apparatchiks.
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