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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsChina: The US has started 'the biggest trade war' in history
by Jethro Mullen @CNNMoney
July 6, 2018: 12:43 AM ET
China on Friday accused the United States of starting "the biggest trade war in economic history" as the two sides imposed steep new tariffs on tens of billions of dollars of each other's exports.
The Trump administration's 25% tariffs affect more than 800 Chinese products worth $34 billion such as industrial machinery, medical devices and auto parts. They kicked in just after midnight ET, which is noon in Beijing.
China's tariffs on US goods came into effect immediately afterward, a spokesman for the Chinese Foreign Ministry said Friday.
Trump and his advisers argue the tariffs are necessary to pressure China into abandoning unfair practices such as stealing intellectual property and forcing American companies to hand over valuable technology.
Beijing insists it's the injured party.
more
https://www.thedailybeast.com/china-trump-just-started-biggest-trade-war-in-history?ref=home
dalton99a
(81,599 posts)greymattermom
(5,754 posts)Can they charge an export fee on Trump products?
DonViejo
(60,536 posts)I just posted this a few mins ago:
Trumps Business Empire Retains Close Ties to China
https://www.democraticunderground.com/100210835119
CentralMass
(15,265 posts)Thomas Hurt
(13,903 posts)in Indonesia, cancel all of Princess Ivanka's trademarks and such, and ban the Kushner's from hawking visas in China.
duforsure
(11,885 posts)For putin's revenge against what President Obama did to them with sanctions. He knows exactly what he's doing to us, and why, he's a russian agent for putin.