Tariffs on $34 billion of Chinese imports begins today. We consumers must eventually pay this tax. President Tweets is also taunting Iran with oil tariff and war threats. Congress can stop him with a single act. Why don’t they? Ask them!- CEC
U.S. President Donald Trump has threatened to escalate the trade conflict with tariffs on as much as $450 billion worth of Chinese goods if China retaliates, with the row roiling financial markets including stocks, currencies and the global trade of commodities from soybeans to coal.
China has said it will not “fire the first shot”, but its customs agency made clear on Thursday that Chinese tariffs on U.S. goods would take effect immediately after U.S. duties on Chinese goods kick in.