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The Trump administration announced on Friday it will impose a 25 percent tariff on up to $50 billion in Chinese goods in an effort to protect U.S. intellectual property and technology. China in retaliation said it will introduce taxation measures of the same scale and strength. The objective is to reduce the size of the […]

The Chinese State Council’s commission on tariffs and customs said in an online statement that a 25 percent tariff will take effect July 6 on agriculture products, automobiles and “aquatic products.” The tariffs counter the United States Trade Representative’s announcement earlier on Friday that the U.S. will initially impose an additional 25 percent tariff on […]