U.S. tariffs take effect; China announces retaliation

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Pictured: Chinese investors use computer terminals as they monitor stock prices at a brokerage house in Beijing, Friday, July 6, 2018.

ㅤ"Washington imposed 25 percent tariffs on $34 billion worth of Chinese imports, a first step in what could become an accelerating series of tariffs.
ㅤRetaliatory measures ‘took effect immediately,’ said a Chinese foreign ministry spokesman, Lu Kang. Hu gave no details, but the Communist Party newspaper People’s Daily said the customs agency was carrying out a plan announced last month to impose 25 percent tariffs on a $34 billion list of American goods including soybeans, pork and electric cars."ㅤ

Full story at The Washington Times, image from washingtontimes(.com) – 7/6/18. See "tariffs, china."ㅤHome

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