Trump Hits China With Tariffs On $50 Billion Of Goods; China Says It Will Retaliate

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President Trump is enacting a 25 percent tariff on $50 billion of Chinese goods “that contain industrially significant technologies,” after months of exchanging threats amid concerns over a potential trade war.

U.S. Customs and Border Protection will begin to collect tariffs on the first $34 billion worth of Chinese imports on July 6. A second set of imports subject to tariffs is still under review.

China quickly announced it would impose retaliatory tariffs of the same size.

The White House had set a June 15 deadline for announcing the full list of items that will see a tariff imposed, focusing on areas such as aerospace, robotics and machinery. Released Friday, the list includes some 1,100 products.

Trump announced Friday:

“My great friendship with President Xi of China and our country’s relationship with China are both very important to me. Trade between our nations, however, has been very unfair, for a very long time. This situation is no longer sustainable. China has, for example, long been engaging in several unfair practices related to the acquisition of American intellectual property and technology.”

https://www.npr.org/2018/06/15/620259820/trump-levies-50-billion-in-tariffs-as-china-says-it-will-retaliate

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