Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
China: 'The US has launched a trade war'
US to impose $50 billion worth of tariffs on China
The world's two biggest economies are now at war over trade.
China accused the United States of firing the first shot on Friday when the White House said that it would impose tariffs of 25% on $50 billion worth of Chinese goods.
The announcement confirms a threat first made by President Donald Trump in March and follows months of trade talks between the two sides. A truce was announced in May, but it proved short-lived.
"The United States has kept changing its mind and now launched a trade war," China's Commerce Ministry said in a statement.
The Chinese government said it would respond in kind to the US tariffs, which will apply to roughly 1,100 exports and will target China's aerospace, robotics, manufacturing and auto industries.
The announcement confirms a threat first made by President Donald Trump in March and follows months of trade talks between the two sides. A truce was announced in May, but it proved short-lived.
"The United States has kept changing its mind and now launched a trade war," China's Commerce Ministry said in a statement.
The Chinese government said it would respond in kind to the US tariffs, which will apply to roughly 1,100 exports and will target China's aerospace, robotics, manufacturing and auto industries.
http://money.cnn.com/2018/06/15/news/economy/china-us-trade-war/index.html
1 replies
= new reply since forum marked as read
= new reply since forum marked as read
