China threatens to raise tariffs on U.S. Pork, aluminum after Trump targets Chinese products. China said it may raise tariffs on U.S. Pork, aluminum pipe and other goods after President Trump ordered trade officials Thursday to draw up a list of tariffs on Chinese products. Its Commerce Ministry said on Friday local time that China last year bought about $3 billion worth of the goods that could be affected by higher tariffs. Ref. USAToday.
Trump ups the ante in trade dispute with China, proposes $100 billion more in tariffs. The proposed $100 billion in tariffs would be in addition to the $50 billion Trump put forward just two days ago. The move comes a day after China responded in the back-and-forth trade war by matching Trump's proposed tariffs with $50 billion of its own, targeting small aircraft and soybeans. Ref. USAToday.
Trump launches $34 billion trade war and China 'immediately' fires back. China’s foreign ministry said that tit-for-tat duties on U.S. Goods took immediate effect Friday after Washington’s tariffs on $34 billion worth of Chinese goods kicked in at 12:01 a.m. ET. Source 6n.
This will lead to a trade war that will push prices up to the point that world economies will either slow down or choose different places to get their goods.
International Level: New Activist / Political Participation: 22 2.2%
Its about time we stopped importing a lot of that cheap Chinese stuff that we have right here in America and in a better quality or version as well.
International Level: Specialist / Political Participation: 38 3.8%