“China is moving forward with its plan to counter President Trump’s new tariffs on steel and aluminum, levying duties that will take effect Monday on more than $3 billion in U.S. exports to the country. In a statement Sunday, the Chinese government said it would impose the retaliatory tariffs on 128 products, according to an informal translation,” Politico reports.
“China will impose a 15 percent tariff increase on goods including American fruit and nuts and add a 25 percent tariff on pork, recycled aluminum and other goods, the government said. The move to impose the duties comes just over a week after the Chinese Commerce ministry had announced it was considering tariffs on the goods. Just over a week later, those tariffs are taking effect.”
Financial Times: Who will fare worse in a China-US trade war?
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