The Latest on the U.S.-China Trade Conflict: Exchanging Tariffs
Supported by Business Day The Latest on the U.S.-China Trade Conflict: Exchanging Tariffs Photo Loading imported soybeans at a port in the Chinese city of Nantong. China struck back Wednesday at American tariffs placed on its goods with tariffs of its own. Credit CHINATOPIX, via Associated Press It looks a lot like a trade war.
The Trump administration took a direct hit at China on Tuesday for its trade practices, detailing more than 1,300 imported goods from the country that would face a 25 percent tariff. About $50 billion worth of imported Chinese goods will be subject to tariffs, including flat-screen televisions, medical devices and aircraft parts.
China then struck back at the United States with its own tariffs, also worth $50 billion. Those tariffs, on 106 types of American goods, take direct aim at the farm belt and manufacturing hubs, both big bases for President Trump.
[READ MORE: How the administration imposed tariffs and how China retaliated.]
The Trump administration ..