Jonathan Ernst/Reuters
- An intensifying trade war has kicked off between China and the US.
- The US has announced a new list of 6,000 Chinese goods, totaling $ 200 billion, that may be hit with additional 10% tariffs by the end of next month.
- China’s Commerce Ministry has vowed to retaliate to the countermove.
It’s now safe to say that a trade war is underway between the United States and China.
Following the introduction of reciprocal tariffs on $ 34 billion of the others imports on Friday, the US, as promised, has announced a new list of 6,000 Chinese goods, totaling $ 200 billion, that may be hit with additional 10% tariffs by the end of next month.See the rest of the story at Business Insider
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See Also:
- The Fed is more worried that Trump’s tariffs on Chinese goods could wreck the US economy
- Bank of England Governor Mark Carney just took a shot at Trump over his trade war — and his Twitter account
- The EU is reportedly plotting a major international effort to defuse Trump’s trade war — but the US isn’t buying it
SEE ALSO: Trump kicked the trade war with China into high gear
