Trump poised to tax an additional $200B in Chinese imports
The Trump administration may be about to slap tariffs of up to 25 percent on an additional $200 billion in Chinese goods, escalating a confrontation between the world's two biggest economies and likely squeezing U.S. companies that import everything from handbags to bicycle tires.
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Undoubtedly these taxes will affect both countries. And I do not think it's the last time in the next few months that we hear that high taxes will be imposed on companies that are not Americans.