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In Texas, the biggest Chinese tariff hit will come from crude oil and propane
[Business Insider] The collateral damage from President Donald Trump's trade fight with China could soon have some states feeling the squeeze.China announced tariffs on $50 billion worth of imports from the US in response to Trump's tariffs on Chinese imports, an escalation of the brewing trade war between the two countries. Also mirroring Trump's move, China's tariffs will be deployed in two waves — the first covering $34 billion worth of goods coming in early July. The Chinese tariffs are focused on energy and agricultural products, covering goods including ornamental fish, whiskey, and coal. By singling out certain goods, the Chinese are also hitting some states harder than others. Posted by: Skidmark 2018-06-23 |
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