Trump’s Trade War Officially Begins

Begun, the trade war has. The Trump administration’s 25 percent tariffs on $34 billion worth of Chinese goods—hitting everything from industrial machinery to consumer goods such as televisions—went into effect Friday morning, prompting threats of an immediate response from the Chinese government, which also promised to haul the United States in front of the World Trade Organization. “In order to defend the core interests of the country and the interests of the people, we are forced to retaliate,” the Chinese Commerce Ministry said in a statement shortly after the tariffs took effect.

Source: Trump’s Trade War Officially Begins

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