*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