(Worthy News) – China said Wednesday it will impose a 25-percent tax on hundreds of U.S. products, the latest retaliation in a trade war that’s raising anxiety among American farmers and other businesses about their prospects for the rest of the year.
The Chinese Ministry of Commerce announced the charge on $16 billion worth of U.S. goods, including large passenger cars, motorcycles, fiber-optical cables, plastic products, coal and asphalt. The tariffs will go into effect Aug. 23.
Chinese state media accused the U.S of a “mobster mentality” in its move to implement additional tariffs, and warned that Beijing had all the necessary means to fight back. [ Source: Washington Times (Read More…) ]
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