The list of American products to face Chinese tariffs is extremely mild. China’s government is avoiding punitive taxes against China’s people.
China’s tariffs raise prices on things Chinese are less likely to buy
15% levies on American coal and liquified natural gas.
10% levies on American crude oil, agricultural equipment and some large trucks.
All these items (except agricultural equipment) are products China wants to phase out in favor or electric cars, solar panels and batteries.
Regarding agricultural equipment, if you examine what China has been importing from the U.S., for each imported item, China no longer needs U.S. equipment. The U.S. was losing this market already, Trump just volunteered to take the blame.
Bottom line: China has responded with tariffs which have almost no effect on China’s people
The list of American products to face Chinese tariffs is extremely mild. China’s government is avoiding punitive taxes against China’s people.
China’s tariffs raise prices on things Chinese are less likely to buy
15% levies on American coal and liquified natural gas.
10% levies on American crude oil, agricultural equipment and some large trucks.
All these items (except agricultural equipment) are products China wants to phase out in favor or electric cars, solar panels and batteries.
Regarding agricultural equipment, if you examine what China has been importing from the U.S., for each imported item, China no longer needs U.S. equipment. The U.S. was losing this market already, Trump just volunteered to take the blame.
Bottom line: China has responded with tariffs which have almost no effect on China’s people
GO CHINA GOO!!!!!!