Comment on China announces tariff hike on $75 billion of US products

China announces tariff hike on $75 billion of US products

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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