U.S., China Exchange Tariff Threats
China and the U.S. traded threats of protectionist tariffs, as the world’s top two economies postured after Washington’s latest attempt to force Beijing to speed up the opening of its markets.
The U.S. on Tuesday unveiled a list of Chinese products worth a total $50 billion that will be subject to a proposed 25% punitive tariff for alleged unfair trade practices, prompting China to quickly respond with a retaliatory plan.
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