China Raises Tariffs On Cotton, Grains, Wine
CHINA ANNOUNCED MONDAY THAT IT WILL RAISE TARIFFS ON CERTAIN US GOODS, INCLUDING COTTON, GRAINS, AND WINE. ADDITIONAL PRODUCTS LIKE MACHINERY, CORN FLOUR AND AIRCRAFT PARTS WERE ALSO LISTED
Lubbock, TX (KJTV) – China is retaliating against president Trump’s latest round of tariffs.
Starting next month, China will raise tariffs to 25% on $60-billion worth of U.S. goods.
Roughly $5,000 items are affected by this new trade war.
It includes cotton, grains like wheat and wine.
Other products like machinery and aircraft parts are also affected.
On Friday, Trump implemented tariffs of $200 billion worth of Chinese goods.
He said China broke a trade deal.
Meanwhile, the DOW plunged after China’s announcement.
Falling more than 630 points.