The Trader 

Market Outlook: Tariff tit-for-tat

The Trader

After President Trump vowed to impose a 25 per cent duty on a total of $50 billion ‘industrially significant [Chinese] technologies’ imported into the USA, China’s foreign minister said they would retaliate with taxes ‘of the same scale and intensity’ because the White House had ‘ignited a trade war’.  Of the 659 items in line for punitive treatment are cars, soybeans, and seafood.

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