U.S. to Hit Chinese-built Vehicles With 25 Percent Tariff; China Fires Back

Just in time for the weekend, an escalation in the ongoing trade wars has seen the Trump administration announce a 25 percent tariff on $50 billion worth of goods imported from China. These tariffs include automobiles. For its part, China retaliated by applying a further 25 percent tariff on a similar amount of American goods, […] The post U.S. to Hit Chinese-built Vehicles With 25 Percent Tariff; China Fires Back appeared first on The Truth About Cars. from The Truth About Cars https://ift.tt/Jh8LjA