CHINA/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT: “It’s official: The United States and China are in a trade war after the Trump administration imposed tariffs at 12:01 a.m. Friday [7-6-18] on $34 billion worth of Chinese products. Beijing immediately retaliated with its own penalties. The Chinese government is targeting a range of American products with tariffs, including pork, soybeans and automobiles. The prospect of rising costs for imports is expected to impact businesses and consumers alike. The United States has also imposed tariffs on imported steel, aluminum, solar panels and washing machines from countries like Canada, Mexico, the European Union and Japan. For now, it is unclear how — or whether — the trade war might conclude. On Friday, China’s, Ministry of Commerce said the United States ‘has launched the biggest trade war in economic history so far,’ and President Trump on Thursday [7-6-18] continued to threaten Beijing with escalating tariffs on as much as $450 billion worth of Chinese goods.”
–The New York Times, “How the ‘Biggest Trade War in Economic History’ Is Playing Out,” The New York Times online, July 6, 2018