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China threatens 25 percent tariff on $50 billion of US goods

China threatens 25 percent tariff on $50 billion of US goods

WASHINGTON, D.C. — China has issued a $50 billion list of U.S. goods including soybeans and small aircraft for possible tariff hikes in an escalating and potentially damaging technology dispute with Washington, reported ABC.

The country’s tax agency gave no date for the 25 percent increase to take effect and said it will depend on what President Donald Trump does about U.S. plans to raise duties on a similar amount of Chinese goods.

Beijing’s list of 106 products included the biggest U.S. exports to China, reflecting its intense sensitivity to the dispute over American complaints that it pressures foreign companies to hand over technology.

Read the full article at ABC7.

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About Ronnie Garrett

Ronnie Garrett is the editor in chief of RV Daily Report. She's been a writer/editor for more than 25 years, working in law enforcement, aviation, supply chain and now the RV industry. She's not a stranger to RVs, however. She grew up camping, and still camps as many weekends as she can every year.

One comment

  1. China cannot afford to lose their biggest customer. Their economy would suffer a lot more than that of the US. Obie promised to “get tough on China” and did not have the balls, now time to get it done.

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