War with China
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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 

   https://www.marketwatch.com/story/founder-of-worlds-largest-hedge-fund-says-first-day-of-the-war-with-china-has-begun-2018-07-06?mod=cx_picks&cx_navSource=cx_picks&cx_tag=mw&cx_artPos=7#cxrecs_s


"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."'



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By metmike - July 7, 2018, 9:50 p.m.
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Trade-war tracker: Here are the new levies, imposed and threatened:


https://www.marketwatch.com/story/trade-war-tracker-here-are-the-new-levies-imposed-and-threatened-2018-06-22

                                                                    

ImposerTargetSubjectRateImposed or threatened
U.S.China, South Korea and MexicoWashing machines20%-50%Imposed
U.S.Most countries, notably ChinaSolar panels30%Imposed
U.S.CanadaNewsprint22%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