America and China’s Tarriff Trade War Begins

July 6, 2018

Posted By Fornazor International at 10:40 AM 0 Comment

At 12:01 am on July 6th, the US/ China trade war officially began.

In an article from the New York Times,

"A trade war between the world’s two largest economies officially began on Friday morning as the Trump administration followed through with its threat to impose tariffs on $34 billion worth of Chinese products, a significant escalation of a fight that could hurt companies and consumers in both the United States and China.

The penalties, which went into effect at 12:01 a.m., prompted quick retaliation by Beijing. China said it immediately put its own similarly sized tariffs on an unspecified clutch of American goods. Previously, the Chinese government had said it would tax pork, soybeans and automobiles, among other goods."

For the full article, go to:

www.nytimes.com/2018/07/05/business/china-us-trade-war-trump-tariffs.html

 

 

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