From iconic Harley Davidson motorcycles and American bourbon to machinery and computer processors, the world’s two largest economies have exchanged punitive tariffs that slice through a wide swath of key products.
Starting Thursday at 12:01 am (0401 GMT), the US will charge 25 percent import duties on an additional $16 billion in Chinese products, bringing the total to over 1,000 items valued at about $50 billion in trade a year.
China has responded dollar-for-dollar on hundreds of US goods, putting the total value of affected goods at $100 billion, one-seventh of the total annual US-China trade.
– Top Chinese imports targeted –
The Trump administration says the aggressive stance is meant to pressure Beijing to change policies that allow and encourage the theft of US technology and unfairly undercut American producers.
…
Source: Seychelles News Agency
