White House Slaps 25% Tariff on $50B Worth of Chinese Goods

[pinto + 293]

On Tuesday, the White House said the administration would proceed with its proposal to impose 25% tariffs on $50 billion worth of goods from China, and place new limits on Chinese investments in US high-tech industries. The decision comes after top administration officials have tried to dampen fears of a trade war. Treasury Secretary Steven Mnuchin said a trade war with China was "on hold" less than 10 days ago. And Commerce Secretary Wilbur Ross is expected in Beijing on Saturday to help ease trade tensions between the two major trading partners.

[damirUSBiH + 327]

I’m assuming prices of goods will rise soon

[ThunderBlade + 231]

Economy goes into steep decline in 3-2-1.

[rainman + 263]

Except ZTE... they’re cool