China Announces Tariff Retaliation to Take Effect on June 1

[demmiblue]

Last edited Mon May 13, 2019, 09:00 AM - Edit history (1)

Source: Bloomberg

China announced that it will impose additional tariffs on some American goods in retaliation for the latest increase of U.S. duties on $200 billion of Chinese imports.

The tariffs will take effect on June 1, according to a statement on the Ministry of Finance's website on Monday. The tariffs will be imposed on some of the goods listed on a previous retaliation list from 2018.

The yearlong trade frictions between the world's two biggest economies re-escalated last week when the Trump administration announced a 25% punitive tariff on thousands of Chinese products. The U.S. is set to release a plan to levy a 25% additional tariff on all remaining imports from China on Monday.

The Chinese retaliatory tariffs will be imposed at different levels:

Read more: https://www.bloomberg.com/news/articles/2019-05-13/china-says-it-will-raise-tariffs-on-60-billion-of-u-s-goods-from-june-1

---

Link to tweet

[ProudMNDemocrat]

1. Who said Trade Wars are "winnable"?

Yeah right. I have ocean front property in Iowa for sale.

[still_one]

2. and they said they will cancel orders from Boeing within this context also, along with adding more

pain to soy farmers

This is not going to end well unless the asshole in the WH backs down and engages in useful negotiations, instead of "you do it my way or the highway"

The jerk started this trade war fiasco, and took the first shot, instead of negotiating in a professional way, spewing his twitter threats.

We are also pushing the envelope for three possible wars with his reckless behavior

[beachbum bob]

3. trumps neo-economic team as much of a failure in trade as Bushco's no-conservatives and Iraq

when trump doesn't have basic comprehension on tariffs to begin with

[progree]

4. Dow futures down 500 at 907 AM ET n/t

[George II]

5. DJIA just opened a minute ago, already down 477 points.