War with China
1 response | 1 like
Started by metmike - July 7, 2018, 9:36 p.m.

Founder of world’s largest hedge fund says ‘first day of the war’ with China has begun 


"The tweet from the founder of the world’s largest hedge fund, which manages some $160 billion, comes after the U.S. slapped levies on $34 billion of 25% on China’s exports at midnight, and President Donald Trump threatened further action.


In response, Beijing issued in-kind tariffs on 545 items, including cash crops and cars, intensifying a long-simmering dispute between the world’s largest economic superpowers, which threatens to roil global economies."'

By metmike - July 7, 2018, 9:50 p.m.
Like Reply

Trade-war tracker: Here are the new levies, imposed and threatened:



ImposerTargetSubjectRateImposed or threatened
U.S.China, South Korea and MexicoWashing machines20%-50%Imposed
U.S.Most countries, notably ChinaSolar panels30%Imposed
U.S.European Union, Canada, Mexico and most other countriesSteel25%Imposed
U.S.European Union, Canada, Mexico and most other countriesAluminum10%Imposed
European UnionU.S.Bourbon, orange juice, jeans and other products25%Imposed
MexicoU.S.$3 billion of U.S. goods including steel and pork20%-25%Imposed
CanadaU.S.$12.8 billion of U.S. goods including maple syrup and whiskey10-25%Imposed
IndiaU.S.$241 million of apples, stainless steel and other products.7.5%-60%To take effect Aug. 4
U.S.China$50 billion of goods25%Imposed on $34 billion worth. Second set of $16 billion pending further review.
ChinaU.S.$34 billion of U.S. goods25%Imposed
U.S.ChinaAdditional $200 billion of goods10%Threatened
U.S.European UnionAutomobiles20%Threatened