Trade war approaches: China plans tariffs on $3 billion of U.S. imports, retaliating against Trump - News Summed Up

Trade war approaches: China plans tariffs on $3 billion of U.S. imports, retaliating against Trump


It will be Trump's first trade action directly aimed at China, which he has blamed for the hollowing out of the American manufacturing sector and the loss of U.S. jobs. The Trump administration is also increasingly signaling it will exclude allies such as the European Union and Brazil from tariffs on steel and aluminum that take effect Friday, suggesting that the U.S. is more interested in raising pressure on China, the world's biggest producer of both commodities.


Source: Los Angeles Times March 22, 2018 23:56 UTC



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