Master Stroke(06.07.2018): US unleashes trade war with latest tariffs on China

 United States' trade war with China officially began on Friday as the Trump administration slapped tariffs of USD 34 billion on Chinese imports, escalating a fight that could hurt companies and consumers in both the countries.
The new tariffs on Chinese goods, which went into effect at 12:01 a.m., will undoubtedly prompt quick retaliation by China, which is expected to impose retaliatory tariffs on American exports, such as soybeans, seafood, SUVs and crude oil.

 

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