Federal Spotlight: China Vows to Issue More Tariffs Against the U.S.
April 5, 2018
The Chinese government announced Wednesday the country would impose $50 billion worth of tariffs on 106 products they import from the U.S. in response to the tariffs President Trump announced last week. The 25 percent duties would hit products such as soybeans, aircraft equipment, cars and beef. Neither the taxes from the U.S. or China go into effect right away. The U.S. will have a public comment period through May 11, and a public hearing is set for May 15. China is waiting to see what the U.S. does before they enforce their tariffs. The stock market has taken wild swings in the last two weeks, as fears of a trade war heat up. Governor Reynolds has stated her disagreement with the President’s tariffs.