Impact of trade tariffs on European companies
The United States has finalized the next China tariff list targeting another $16 billion in imports as of Aug. 23, the U.S. Trade Representative's office said.
China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said on Wednesday, also activating them on Aug. 23.
In the case of China, Trump threatened that he was ready to impose tariffs on an additional $500 billion of imports. The United States has already imposed tariffs on $34 billion of Chinese imports. In return, China has levied taxes on the same value of U.S. products.
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