9/18/2018

CHINA/ELECTION/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT: “China has hit back at President Donald Trump by announcing new trade tariffs on $60bn of US goods. It comes after the US slapped duties on $200bn of Chinese imports to take effect from next Monday [9-24-18], escalating its trade war with Beijing. China will target goods such as liquefied natural gas, produced in states loyal to the US president. However, in a tweet, Mr Trump warned Beijing against seeking to influence the upcoming US midterm elections…Earlier he had suggested that this would mean further US tariffs on another $267bn worth of Chinese products. Such a move would mean roughly all of China’s exports to the US would be subject to new duties. The Chinese commerce ministry said it would impose its tariffs from 24 September – the date the US duties come into effect – but at lower rates than previously expected. It will place an additional 5% in duty on US products including smaller aircraft, computers and textiles, and an extra 10% on goods such as chemicals, meat, wheat and wine.”

BBC Staff, “China hits back at Trump with tariffs on $60bn of US goods,” BBC.com, September 18, 2018