China imposes $3 billion in tariffs in response to Trump’s recent tariffs on steel


China is making good on its trade threats.  Tariffs on about $3 billion worth of US imports will go into effect today.

The move will impact roughly 128 products, in all.  The sanctions that were first proposed over a week ago are in response to President Donald Trump’s tariffs on imports of steel and aluminum. 

China plans to impose tariffs of 15% on items such as fruits, nuts, wine, and steel pipes and 25% on items like pork and recycled aluminum.   

Cina has repeatedly said it wants to avoid a trade war but warned that it will take necessary counter-measures to defend its interests.  

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