China's retaliation against US tariffs Unlisted Video
4 years ago
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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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