China to impose new tariffs on $75 bn of US imports
The escalating trade war is adding to growing fears of a possible recession in the US, with the tariffs weighing on both economies and global trade (AFP Photo/GREG BAKER)/ Beijing (AFP) - China announced Friday it will hit US soybeans, lobsters, peanut butter and other imports worth $75 billion with new tariffs in retaliation for Washington's planned duty hikes, further intensifying the bruising trade war between the world's top two economies. The punitive tariffs of 5 to 10 percent will apply to 5,078 items from the US, starting September ...
Click
To Read Full Article