President Trump Confirms Tariffs On Chinese Imports By Midnight - FbiCables Network | The News that Shapes World Opinion

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Friday, July 06, 2018

President Trump Confirms Tariffs On Chinese Imports By Midnight


In this June, 19, 2018 photo, several ship to shore cranes stack shipping containers on-board the container ship Maersk Semarang at the Port of Savannah in Savannah, Ga.  (AP Photo/Stephen B. Morton)
The U.S. and China appear to be growing closer toward a trade war, as President Trump confirms he will impose tariffs on $34 billion worth of Chinese imports and products by midnight.
At midnight eastern Friday, the president is expected to impose retaliatory tariffs on Beijing with an additional $16 billion worth of penalties to follow in the next few weeks.
Those penalties include tax Chinese goods ranging from farming plows, semi-conductors and airplane parts.
China has vowed to retaliate with equal import taxes on pork, soybean, steel and peanut products.

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