U.S. slaps China with aluminum tariffs
The Trump administration has put tariffs on aluminum foil imports from China after trade experts in the government said the country's producers are dumping the product in the U.S. market, undercutting American aluminum makers. Tariffs will be from 49 to 106 per cent on foil in retaliation for the practice, with duties of 17 to 81 per cent on "unfair" subsidies Chinese producers receive. Wang Hejun of China's Commerce Ministry said "China is strongly dissatisfied". Now we wait to see what happens next - a trade war has already been brewing for over a year.
Via: https://invstr.com/