The Trump administration plans to go ahead with tariffs on Chinese goods in the next month.
The announcement from the White House said the United States would levy 25 percent tariffs on $50 billion worth of Chinese products – a list of which would be finalized by the middle of June.
China’s Ministry of Commerce said the U.S. move was a surprise and contrary to the consensus reached between the countries. In a statement the Ministry said, “No matter what measures the U.S. will take, China is confident and capable of defending our national interests.”
- Qinduo Xu is a senior researcher with the Pangoal Institution.
- Brian Becker is the host of “Loud and Clear” on Radio Sputnik International and a U.S.-DPRK analyst.
- Merrill Matthews is a resident scholar at The Institute for Policy Innovation in Dallas, Texas.
- Nathan King is CGTN’s White House correspondent.
Dow plunges more than 400 points after Trump slaps China with $50 billion in tariffs https://t.co/ew1AeFD2WA
— Daily Mail US (@DailyMail) May 29, 2018