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China’s commerce ministry said Wednesday that it would slap retaliatory tariffs on $16 billion of American made good.
The Trump administration announced an expected second, $16 billion tranche of tariffs on Chinese goods Tuesday, bringing the total amount of Chinese exports subject to new U.S. tariffs to $50 billion. The administration has said that it will pursue tariffs on an additional $200 billion if China continues to respond with retaliatory tariffs rather than reform of its own trade practice.
A spokesman for the commerce ministry described the latest round of U.S. tariffs as “very unreasonable.”
The new tariffs on U.S. goods will be 25 percent.
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source: breitbart.com
The Chinese have been enjoying the tremendous benefits of unfair pro-China tariffs for so many years, they’ve come to regard it as an entitlement. When we U.S. consumers enter ANY store here, all we see is products labeled “made in China”. We, the American citizens elected President Trump to correct, reverse situations exactly like this and he is doing a SUPERB job of it. He told the WORLD that they are free to make their countries successful, free to do so, BUT NOT AT THE EXPENSE OF AMERICANS. He, like us, are committed to a level and fair playing field.
China should either change or be kicked out of the United Nations and shouldn’t be let back in until they change and should stop taking intellectual property.