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Tough US tariffs on $50 billion in Chinese imports
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Contributor | RP |
Last Edited | RP Jun 15, 2018 08:48am |
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Category | Rule Change |
News Date | Friday, June 15, 2018 02:00:00 PM UTC0:0 |
Description | The Trump administration is announcing a 25 percent tariff on $50 billion worth of Chinese imports, escalating a trade dispute between the world’s two largest economies.
President Donald Trump vowed anew on Friday to clamp down on what he calls China’s unfair trade practices. China has said it will retaliate with $50 billion in tariffs, rattling financial markets.
The Office of the U.S. Trade Representative said the tariffs will start to be collected July 6. |
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