China announces new tariffs on 106 US products, including soy, cars and chemicals

[Hoodat]

China announces new tariffs on 106 US products, including soy, cars and chemicals


 Sam Meredith   | @smeredith19
Published 8 Hours Ago Updated 47 Mins Ago




China announced additional tariffs on 106 U.S. products on Wednesday, in a move likely to heighten global concerns of a tit-for-tat trade war between the world's biggest economies.

The effective start date for the new charges was not announced, though China's Ministry of Commerce said the tariffs are designed to target up to $50 billion of U.S. products annually.

The 25 percent levy on U.S. imports includes products such as soybeans, cars and whiskey, Beijing said. The full list can be found here.  .  .

https://www.cnbc.com/2018/04/04/china-new-us-tariffs-including-soy-cars-and-chemicals.html



Gee, if only someone could have predicted that this would happen.

[edpc]

China announced additional tariffs on 106 U.S. products on Wednesday, in a move likely to heighten global concerns of a tit-for-tat trade war between the world's biggest economies.

Trump immediately and eagerly offered all of our ‘tat.’

[truth_seeker]

Trump and China are holding "negotiations," aimed at more evenhanded trade.

Like making sausage. Sqeamish should not watch or follow.

For decades, we have assumed our government "experts," did such negotiations in our best interest.

That generally results in preservation of the "status quo," which suits career diplomats and goverment employees.