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  • Trade Wars

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    Diana Nitu
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    The United States increased tariffs on $200 billion worth of Chinese goods from 10% to 25% after negotiations between the two countries made little progress. China vowed to retaliate with its own tariffs on U.S. goods, escalating the trade war between the world's two largest economies and raising risks of economic damage in both countries from a potential rupture in their strained relationship.

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    The United States increased tariffs on $200 billion worth of Chinese goods from 10% to 25% after negotiations between the two countries made little progress. China vowed to retaliate with its own tariffs on U.S. goods, escalating the trade war between the world's two largest economies and raising risks of economic damage in both countries from a potential rupture in their strained relationship.

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    5 views1 page

    Trade Wars

    Uploaded by

    Diana Nitu
    The United States increased tariffs on $200 billion worth of Chinese goods from 10% to 25% after negotiations between the two countries made little progress. China vowed to retaliate with its own tariffs on U.S. goods, escalating the trade war between the world's two largest economies and raising risks of economic damage in both countries from a potential rupture in their strained relationship.

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    © All Rights Reserved
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    trade wars : us & china

    - One minute after midnight in Washington on May 10th,


    - America carried through on its threat to ratchet up tariffs on Chinese goods.
    - China vowed to hit back.
    - the world’s two biggest economies staggered a couple of steps closer to all-out
    trade war.
    - outcome is still far from certain: talks are continuing and, until recently, had
    been making progress.
    - risks are rising of economic damage in both countries
    - a rupture in their already strained relationship.

    - Last September America had enforced 10% tariffs .


    - Now that 10% has been raised to 25% too, and the rate applies to almost half of
    Chinese exports of goods to America

    - China has yet to detail its retaliation plans


    - likely to apply proportionate tariffs: fewer goods (since it imports less from
    America than America does from it)
    - also raising duties to 25% = Liquefied natural gas, meat and fruit are expected
    to be on its list.

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