'Mobster mentality': China slams Trump's trade moves, retaliates with 25% tax on U.S. products

Thursday, August 9, 2018 | Tag Cloud Tags: , , , , , , , , ,

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(Worthy News) - China said Wednesday it will impose a 25-percent tax on hundreds of U.S. products, the latest retaliation in a trade war that’s raising anxiety among American farmers and other businesses about their prospects for the rest of the year.

The Chinese Ministry of Commerce announced the charge on $16 billion worth of U.S. goods, including large passenger cars, motorcycles, fiber-optical cables, plastic products, coal and asphalt. The tariffs will go into effect Aug. 23.

Chinese state media accused the U.S of a “mobster mentality” in its move to implement additional tariffs, and warned that Beijing had all the necessary means to fight back. [ Source: Washington Times (Read More...) ]

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1 thought on “'Mobster mentality': China slams Trump's trade moves, retaliates with 25% tax on U.S. products”

  1. This is great for the U.S. The U.S. fabrication of products will increase so more people will be buying American ............. and Chinese products will pile up on ships in their port cities.

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