China Retaliates - Takes It A Step Further On Trade War With U.S.

Submitted by MAGA Student

Posted 12 days ago

China is in it to win it.

China returns fire and sets a 25% tariff against $16 billion of U.S. goods.

From cnbc.com

China said Wednesday it will retaliate against the latest round of U.S. tariffs on Chinese imports.

The Chinese Ministry of Commerce announced a 25 percent charge on $16 billion worth of U.S. goods. The 333 goods being targeted by China include vehicles such as large passenger cars and motorcycles. Various fuels are on the list, as well as fiber optical cables.
China is also going after coal, grease, Vaseline, asphalt and plastic products, and recyclables.

China's announcement comes after the U.S. Trade Representative's office released a finalized list of $16 billion worth in Chinese goods that will be hit with tariffs. The U.S. charges will take effect on Aug. 23. The latest U.S. list brings the total worth of Chinese goods facing a 25 percent tariff to $50 billion.

"This is tit-for-tat exactly," said Art Hogan, chief market strategist at B. Riley FBR. "Our $16 billion comes at a scheduled time, which comes up on the 23rd. China said we see your $16 billion and we'll match your $16 billion."

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wasntme 12 days ago (report)

We import much more chinese goods than they do American. They can only tit for tat so long before they LOSE. As Trump said, hard to lose a trade war when your $400 billion down to start with. Can't help but think they are grasping already to put a tariff on Vaseline.

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Anonymous 567dbf 12 days ago (report)

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Anonymous efb275 11 days ago (report)

china is the enemy

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Sara D. Weathers 11 days ago (report)

The 333 goods being targeted by China include vehicles such as large passenger cars and motorcycles. Various fuels are on the list, as well as fiber optical cables.

China is also going after coal, grease, Vaseline, asphalt and plastic products, and recyclables.,,,,,,,,,,,,,,,Hay Real news is here....................http://chilp.it/fd64fa9

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J 11 days ago (report)

We, They, really don't need trade with each other both countries are able to float with out trading back and fourth. But big business wants the money.

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