Caixin
Apr 05, 2018 06:19 AM
ECONOMY

As Trade War Intensifies, U.S. Casualty List Becomes Clearer

American soybeans, like these being harvested in Illinois, are on the list of targeted products by Beijing in response to U.S. threatened tariffs. Photo: VCG
American soybeans, like these being harvested in Illinois, are on the list of targeted products by Beijing in response to U.S. threatened tariffs. Photo: VCG

Electric car-maker Tesla Inc. and soybean farmers would likely feel the most painful sting of China’s threatened retaliatory trade tariffs against the U.S.

Boeing Co. could also be hurt by Beijing’s response to President Donald Trump’s 25% tariffs on up to $50 billion of annual imports from China. It might get off comparatively easy, however, because China’s proposed duties take aim at lighter aircraft and the U.S. aircraft-maker is moving to a generation of heavier jets.

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