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Tariff Payback Time

Submitted by ub on Mon, 04/02/2018 - 09:13

Trump tariffs have a huge potential for leaving our US economy behind. As payback, China says it’s rolling out new tariffs on U.S. meat, fruit and other products as retaliation against taxes approved by POTUS on imported steel and aluminum.

This follows through on warnings Chinese officials have made for several weeks in an escalating US trade dispute. The tariffs on eight imported products, including pork, and 120 imported U.S. commodities, including fruits, mirror Trump’s 25 percent charge on imported steel and 15 percent hike on aluminum.

China to slap tariffs on U.S. meat, fruit Monday https://usat.ly/2pXABtF

China raises tariffs on US pork, fruit in trade dispute https://www.apnews.com/51e41b2da72c4daaaf901ca2be1dbb0a

China hammers U.S. goods with tariffs as 'sparks' of trade war fly https://reut.rs/2uHjqT3

China retaliates against Trump tariffs with a levy on US food imports https://www.theguardian.com/world/2018/apr/02/china-retaliates-against-…

China’s targeted tariff retaliation threatens Trump heartland https://www.ft.com/content/8022a546-3651-11e8-8b98-2f31af407cc8

‘Is anyone paying attention?’: Wall Street Journal blisters Trump for ignoring trade war he started with China https://www.rawstory.com/2018/04/anyone-paying-attention-wall-street-jo…