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| Economy |
| China hits back after US imposes tariffs worth $34bn |
| 2018-07-06 |
| [BBC] US tariffs on $34bn (£25.7bn) of Chinese goods have come into effect, signalling the start of a trade war between the world's two largest economies. The 25% levy came into effect at midnight Washington time. China has retaliated by imposing a similar 25% tariff on 545 US products, also worth a total of $34bn. Beijing accused the US of starting the "largest trade war in economic history". "After the US activated its tariff measures against China, China's measures against the US took effect immediately," said Lu Kang, a foreign ministry spokesman. Two companies in Shanghai told the BBC that customs authorities were delaying clearance processes for US imports on Friday. |
| Posted by:Besoeker |
| #1 Let's end it now. 50 or 100% tariff on all Chinese imports. That's $505 billion last year. Shouldn't be making Commie enemies rich and Americans poor. |
| Posted by: Fat Bob Gleager4645 2018-07-06 13:14 |