CHINA/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT: “Exporters from China woke up on Tuesday [5-14-19] to the news that U.S. President Donald Trump has pressed forward with what was previously considered the ‘nuclear option’ in the long-running trade war. By publishing a plan to roll out tariffs of up to 25 percent on almost all of the remaining goods China sells to the United States, Trump has gone further than many thought possible when the trade war’s first skirmishes took place almost one year ago. Overnight, the Office of the United States Trade Representative (USTR) published List 4 of the Section 301 regime of trade tariffs. This pledged to impose tariffs of up to 25 percent on Chinese goods with an approximate total annual trade value of US$300 billion…It was published hours after China announced tariffs ranging from 5 to 25 percent on US$60 billion of U.S. goods to be implemented on June 1, in response to tariff increases by the U.S. last Friday [5-10-19].”
–Finbarr Bermingham, “China feels the pain of tariffs: ‘This will kill my U.S. market’,” Politico, May 14, 2019 11:17 am