China announces additional tariffs on $50 billion of U.S. goods

[qwerrty]

China announces additional tariffs on $50 billion of U.S. goods
Reuters Staff1 Min Read
1-2 minutes
BEIJING (Reuters) - China will impose additional tariffs of 25 percent on 106 U.S. goods including soybeans, autos, chemicals, some types of aircraft and corn products, among other agricultural goods, the finance ministry said on Wednesday.

The products targeted by the tariffs were worth $50 billion in 2017, according to a separate statement from the commerce ministry.

Extra tariffs will also be slapped on products such as whisky, cigars and tobacco, some types of beef, lubricants, and propane and other plastic products, the finance ministry said in its statement.

U.S. orange juice, certain sorghum products, cotton, some types of wheat, as well as trucks, some SUVs, certain electric vehicles, will also be subject to the new duties, the finance ministry said.

https://www.reuters.com/article/usa-trade-china-tariffs-int/china-announces-additional-tariffs-on-50-billion-of-u-s-goods-idUSKCN1HB0WD

 

[Novice09]

Popcorns...

US has started the trade war with Asian countries... time has come for India and China to put issues at side and face it together...

 

[protest]

Popcorns...

US has started the trade war with Asian countries... time has come for India and China to put issues at side and face it together...

Actually its time for US-India FTA.

 

[AndrewJin]

Popcorns...

US has started the trade war with Asian countries... time has come for India and China to put issues at side and face it together...

I don't feel too much pressure on China, China has the largest domestic market in terms of all tradable goods. from cars, phones, computers to machinery.
China also has all kinds of ways to fight with Trump regime.

But for india, such trade war is gonna wipe out the beginning efforts on industrialisation.

 

[qwerrty]

certain electric vehicles

 

[Chhatrapati]

But for india, such trade war is gonna wipe out the beginning efforts on industrialisation.

Not really. Our exports are not the same as Chinas. The US is targetting China specifically with which it has the largest trade deficit.

 

[AndrewJin]

Not really. Our exports are not the same as Chinas. The US is targetting China specifically with which it has the largest trade deficit.

What do you export?
Agricultural products?
Like what US is exporting to China?

What US is doing does more harm to those who are still struggling in entering the industrial world.
People have to think about the long-term effects, not confined in the short-term retaliation.

 

[Chhatrapati]

What do you export?
Agricultural products?
Like what US is exporting to China?

What US is doing does more harm to those who are still struggling in entering the industrial world.
People have to think about the long-term effects, not confined in the short-term retaliation.

Still, you didn't explain how this will become reverse industrialization in India.

The US is specifically targetting Chinese exports. Whatever India exports is not the issue here. And as I said already our exports will not be affected by a trade war. It's only your dream.

 

[war&peace]

USA will soon realise its mistake. Artificial measures will only increase the prices and inflation in USA.

 

[Novice09]

I don't feel too much pressure on China, China has the largest domestic market in terms of all tradable goods. from cars, phones, computers to machinery.
China also has all kinds of ways to fight with Trump regime.

But for india, such trade war is gonna wipe out the beginning efforts on industrialisation.

We are not exporting too much to US... specially manufactured goods...

By the way we also have a huge domestic market... these are just tarrif... we have seen economic growth even after US sanctions...

But I really believe that we in Asia should learn from Europe and find ways for economic growth and development of our nations... peace is a big boon...

 

[Misay]

Still, you didn't explain how this will become reverse industrialization in India.

The US is specifically targetting Chinese exports. Whatever India exports is not the issue here. And as I said already our exports will not be affected by a trade war. It's only your dream.

笑，说英语的印度人竟然没看到美国对印度的出口限制令

 

[艹艹艹]

But I really believe that we in Asia should learn from Europe and find ways for economic growth and development of our nations... peace is a big boon...

Learn from the British?
Is this the idea of your Indians?
Can you Indians have a little backbone?

 

[Chhatrapati]

笑，说英语的印度人竟然没看到美国对印度的出口限制令

ഓട് മൈരേ കണ്ടം വഴി

 

[艹艹艹]

Still, you didn't explain how this will become reverse industrialization in India.

The US is specifically targetting Chinese exports. Whatever India exports is not the issue here. And as I said already our exports will not be affected by a trade war. It's only your dream.

Do you think India is going to be spared?

 

[Chhatrapati]

Do you think India is going to be spared?

Why do you think the US would punish India?