LATEST TRADE WARS: US ISSUED $34 BILLION TARIFFS ON CHINESE GOODS….

*Image Source: Dreamtime*

By: Economic & Finance Report

In the first round, US issued tarriffs took place at midnight Friday, June 6, 2018. The tariffs was placed on $34 billion worth of chinese goods and products.

The Chinese government has indicated they will retaliate with tariffs on $34 billion dollars worth of USA goods and products.

Both nations seem to be raising the stakes on tariffs issued to one another, pursuing a showdown that may be detrimental to both countries imports and exports.

Neither side seems to be backing down, in the latest trade wars spat, between both countries. -SB

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