TIT FOR TAT: China slaps tariffs on 128 US imports

[micromachine]

China on Monday imposed new tariffs on 128 US imports worth $3 billion, including fruits and pork, in retaliation to US duties on steel and aluminium, fuelling fears of a trade war.

Beijing's move, which the Xinhua news agency said was decided by the custom tariffs commission of the State Council, follows weeks of heated rhetoric and threats between the world's two biggest economies.

President Donald Trump has repeatedly railed against China's massive trade surplus over the United States, promising during the US election campaign to slash the US deficit.

Beijing had warned last month that it was considering the tariffs of 15 percent and 25 percent on a range of products that also include wine, nuts and aluminium scrap. The tariffs came into force on Monday, Xinhua said, citing a finance ministry statement.

The levies are in response to tariffs of 10 percent on aluminium and 25 percent on steel that have also angered US allies.

More at TIT FOR TAT: China slaps tariffs on 128 US imports

 

[tanwahtiu]

Told u taxpayers money wasted on dotard visit to China. Look at old fart dotard face during his stay was not friendly.

Reject tell Chinese to withdraw memberships from his golf clubs.

 

[eatshitndie]

aiyah luxury stuff for the wealthy tiongs. they can easily afford them at inflated prices. very small impact.