China announces retaliatory action as Trump tariffs take effect
President Trump says the Chinese tariffs are a response to trade deficits, and the flow of fentanyl into the US The United States runs a trade deficit with the European Union, which means it imports more from European countries than it sells to them.
China’s Retaliatory Tariffs Are Symbolic, Analyst Says
China’s early response to new tariffs from the U.S. is “a more symbolic move for now,” Louise Loo, China lead economist at Oxford Economics, said in a report. The move to impose retaliatory tariffs of up to 15% on select American goods would raise the weighted effective tariff rate on U.
1hon MSN
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