07192018Thu
Last updateThu, 19 Jul 2018 4pm

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Manufacturing & The Economy

“Trade War” with China Officially Begins

“U.S. tariffs on $34 billion worth of Chinese goods kicked in on Friday, escalating a war of words between the world's two largest economies into a full-blown trade conflict,” CNBC  reports.

“Washington's 25% duties went into effect at midnight EDT and affected products such as water boilers, X-ray machine components, airplane tires and various other industrial parts. China immediately implemented retaliatory tariffs on its $34 billion list of goods issued last month.”

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