Tsukasa Buddha
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- Joined
- Sep 10, 2006
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So China's retaliation is smaller, as expected, but also lower than expected:
Linky.
Will we see the automatic additional tariffs in response? I'm thinking no before further talks. China is out of things to tariff at this point, so they'd be looking at more punitive actions.
China has hit back at President Donald Trump by imposing new trade tariffs on $60bn of American goods.
...
The Chinese commerce ministry said it would impose its tariffs from 24 September - the date the US duties come into effect - but at lower rates than previously expected.
It will place an additional 5% in duty on US products including smaller aircraft, computers and textiles, and an extra 10% on goods such as chemicals, meat, wheat and wine.
Linky.
Will we see the automatic additional tariffs in response? I'm thinking no before further talks. China is out of things to tariff at this point, so they'd be looking at more punitive actions.