China’s List of Tariffs Against US Estimated To Value Approx. $3B
It seems that the China vs. US trade war is getting escalated along with tensions, fears & egos.
China came forth over the weekend with a list of potential tariffs that span across 128 products estimated to be valued at $3B in US goods. The move is reported to be in reaction to the White House action last month to increase tariffs on steel and aluminum and last weeks’ threat to widen the tariffs to an estimated $50B against Chinese goods.
The stock markets across the world including China and the US are in selloff mode as fear of the unknown and the tariffs’ threat increase on both sides.
Hopefully, we will see some compromise in the near term but for now, the gloves seem to be coming off and we appear to be in for a fight!
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