«Trade between our nations, however, has been very unfair, for a very long time. This situation is no longer sustainable.»
President Donald Trump will approve a plan that will impose a 25% tariff on Chinese technology products, which is worth around $50 billion. From The Washington Post:
The move comes after Trump met with his “top economic officials.” The sectors hit by the tariffs include “aerospace, information and communications technology, robotics, industrial machinery, new materials, and automobiles,” but not common purchases by consumers like phones and TVs.
From The Washington Examiner:
But before we freak out too much, we must remember that the tariffs won’t go into effect right away and Trump can still change his mind. From Politico:
Chinese Foreign Ministry Spokesman Geng Shuang said that China will respond and do whatever it needs to do in order “top defend our legitimate rights and interests.” China already has “a list of $50 billion in U. S. products that would face retaliatory tariffs, including beef and soybeans, a shot at Trump’s supporters in rural America.
