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Wednesday, April 4, 2018

U.S. Announces Tariffs on $50 Billion of China Imports

‎U.S. Announces Tariffs on $50 Billion of China Imports

In the U.S.'s most powerful challenge in decades to China's economic practices, the Trump administration detailed the $50 billion of goods that it plans to hit with 25% tariffs unless Beijing makes major trade and investment concessions soon.

The imports targeted for levies reached across the U.S. economy, from high-tech industries like medicine, aviation and semiconductor machinery to intermediate goods like machinery and chemicals, according to the U.S. Trade Representative.

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