Tag Archives: Trade war

Trump`s Trade War against China started with tariffs on $34 billion worth of Chinese goods

President Donald Trump`s trade war against China has started, and after midnight Eastern Time, Mr Trump raised tariffs on $34 billion worth of Chinese goods. In two weeks, the number will increase to $50 billion.

This is not only a zero sum game. In the long run it will turn into negative territory. So far, the numbers are low. When it hit about $200 billion I think it will be heavy. China`s Commerce Ministry said the Chinese side promised to make the necessary counterattack.

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