The tit-for-tat has analysts fearing a protracted and escalating trade war, since President Donald Trump has threatened to enact other tariffs on hundreds of billions of dollars in Chinese goods.
After weeks of escalating rhetoric between the U.S. and China, the opening shots in what analysts fear will devolve into a full-fledged trade war are set to go off at midnight.
Canada now levies similar taxes on popular American products such as chocolate bars, mayonnaise, whiskey, sailboats, washing machines, maple sugar and strawberries.
When there’s a break in the action, Sean McNamara looks up at the massive ductwork that runs throughout Mercedes-Benz Stadium, the home of the NFL’s Atlanta Falcons, and smiles.
Dynamic Fastener has released a new version of its tool and fastener guide. The 132-page, full-color free publication provides concise answers to questions pertaining to fastener applications, engineering data, availability, size ranges and fastener materials.
EU officials said the tariffs represent $7.5 billion worth of trade. European Commission President Jean-Claude Juncker said the 28-nation bloc will not be bullied.
Détente appears to be over, as President Donald Trump announced today that the U.S. will soon slap a 25 percent import tax on $50 billion in Chinese goods, especially technology products. Another $100 billion in tariffs is possible if China follows through on threats to retaliate.