Trade War: US and China Hit Each Other With $16B in New Tariffs
Freight Plus
AUGUST 23, 2018
US and China imposed $16 billion in 25% tariffs on each other in on going trade war. -. as companies hurried to receive raw capital and production goods before the US and China moved forward with retaliatory tariffs. -. According to Reuters, many US companies will be absorbing the costs and pushing them directly to consumers.
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