China | New tariffs raise economic tensions between the world’s two largest economies
by June Cheng
Posted 4/04/18, 11:47 am
On Tuesday, the Trump administration released a long list of Chinese imports that could soon face new tariffs including semiconductors, car and aircraft parts, and machine tools, a total of $12.5 billion in new tariffs on about $50 billion in goods annually. The threat of a trade war between the world’s two largest economies is roiling the stock market, upsetting the U.S. business community, and finding critics among conservatives.