- The Chinese State Council's commission on tariffs and customs said in an online statement that a 25 percent tariff will take effect July 6 on agriculture products, automobiles and "aquatic products."
- The tariffs counter the United States Trade Representative's announcement earlier on Friday that the U.S. will initially impose an additional 25 percent tariff on 818 Chinese imports worth about $34 billion on July 6.
OTHER NEWS
A bruising trade fight with the U.S. lands at a difficult time for China as its economy contends with rising headwinds, constraining Chinese President Xi Jinping’s options.
Emerging markets tumbled in the second quarter after a stronger dollar and higher U.S. interest rates led many investors to flee from riskier investments in the developing world. The MSCI Emerging Markets stock index fell 8.5% over the past three months, the index’s worst quarterly performance since the third quarter of 2015. Emerging-markets bonds lost […]
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