U.S., China mobilize for trade war round two
Date: Friday, August 10, 2018
Source: American Shipper
The Office of the U.S. Trade Representative on Tuesday evening finalized a second tranche of 25 percent tariffs to be imposed on China following Section 301 of the Trade Act of 1974, deleting intermodal shipping containers and four other tariff lines from an initial list of 284 tariff subheadings spanning $16 billion in 2017 import value.
China responded in kind Wednesday morning, releasing a list of U.S. goods it would impose 25 percent retaliatory tariffs on, commensurate with the United States’ $16 billion worth of tariffs.
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