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Tit-for-tat US-China tariffs

───   08:53 Sun, 17 Jun 2018

Tit-for-tat US-China tariffs | News Article

Beijing - China’s in-kind response to US President Donald Trump’s announcement of tariffs on $50bn of imports from the nation leaves the global economy on the verge of a trade war.


Bloomberg reports that two detailed lists of products on which tariffs will be collected starting July 6 now form the core of the conflict between the world’s two largest economies. 

China’s response, released in detail yesterday, now raises the prospect the US will impose more duties following a pledge from Trump on Friday. 

Hours after the US announcement, China’s Finance Ministry issued a list of 545 product categories, also covering about $34bn in exports from the US, to be subject to an additional 25% tariff starting July 6.


Bloomberg


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