China's Retaliation Against US Tariffs

Credit: Wochit Business
Published on May 14, 2019 - Duration: 00:44s

China's Retaliation Against US Tariffs

According to Business Insider, China's retaliation against US tariffs will force retailers to make tough choices.

China has decided to retaliate against the US' tariff hike from 10% to 25% on $200 billion of Chinese goods by taking $60 billion worth of US goods that previously had tariffs of 5-10% and placing those items into four new tariff groups: 25%, 20%, 10%, and 5%.

Higher tariffs on US goods are bad news for both Chinese consumers and US businesses that sell in China.

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China's Retaliation Against US Tariffs

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