Both sides made 6 July tariff threat but 12-hour time difference gives Chinese edge

China is poised to fire the opening salvo in an escalating trade dispute with the US by bringing in 25% tariffs on $34bn (£26bn) of American goods, a day earlier than Washington.

Both sides have threatened to impose similarly sized tariffs on 6 July, but because of the 12-hour time difference, the Chinese tariffs on US imports ranging from soybean to stainless steel pipes will take effect earlier.

Continue reading…

Read More China to impose bn tariffs before the US as trade dispute escalates

Facebook Comments