BEIJING — China on Friday announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump’s latest planned increase, deepening a conflict over trade and technology that threatens to tip a weakening global economy into recession. China also will increase import duties on U.S.-made autos and auto parts, the Finance Ministry announced. The announcement comes as leaders of the Group of 7 major economies prepare to meet in France this weekend. Keith Srakocic, Associated Press fileIn this May 9, 2019, file photo a General Electric washing machine with a label advertising it was made in America is displayed in retail stores in Cranberry Township, Pa.
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Joe McDonald, Denver Post: Politics
Fri, 08/23/2019 - 7:06am
Topics: u.s u.s group france keith srakocic associated press general electric cranberry township u.s tariffs washington peter navarro china s the united europe japan beijing s some american u.s may increases related articles white house u.s dow tharoor stocks wall street u.s u.s president xi jinping december argentina june shanghai july friday s beijing china u.s president donald trump s finance ministry a america pa trump trump s trump sept dec beijing american states chinese xi billion products goods hikes technology recession meet economy order conflict imports policy month effect duty development economic imposed insists
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