July 5, 2018

China: US tariffs will hit intl. supply chains



China says US tariffs on Chinese goods will hit international supply chains as Washington’s new duties are expected to take effect at midnight Thursday.

China’s commerce ministry reiterated that Beijing does not want a trade war with Washington. Separately, China’s customs agency said retaliatory tariffs on US goods will come immediately after US duties on China kick in.

The US measures target 32 billion dollars of Chinese goods. Beijing will impose duties on nearly 30 billion dollars of American products. The tit-for-tat trade spat between the two countries has recently escalated amid fears that the situation may get out of control.

PressTV

Related,
U.S. tariff move hurting itself, the world: MOC - Xinhua
China to implement countermeasures immediately after U.S. tariffs take effect - Xinhua

How Trump’s trade war with China could go sideways on him - Washington Post

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