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We are going to raise the tariffs on $60 Billion of US products!
An Annoucement Days Earlier from an American Business Group...
A "downward spiral" in this conflict is certain following Trump's penalties on $200 Billion of Chinese goods.
- Continue with plans announced in August - Increases from 10% to 5% on 5,207 U.S. goods - Things like Coffee, Honey, and industrial chemicals
The increase by the finance ministry is aimed at curbing trade friction and the "unilateralism and protectionism of the United States."
American, the European Union, and Japan are mainly on the same page but the two countries object Trumps Tactics.
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