US and China in Fierce Trade War in the History
September 24 , 2018
Now considered to be the biggest trade war the US has ever been in, the country has brought in effect the gigantic tariffs on Chinese goods. First the US levied taxes on Chinese goods worth $200bn, which was met with China’s fiery response of imposing tariffs on $60bn of US goods.
The US has sited the reason for tax imposing to be the unfair trading practices by the Asian economy. In the latest move, roughly half of the Chinese goods are now subjected to the heavy taxes. As many as 6,000 Chinese items are now levied with taxes from the US.