China
imposed 15-to-25% tariffs on 128 US imports on Monday, April 2.
The
products include pork, wine, nuts, fresh and dried fruit, and ginseng. Thus
far- major technology giants producing in China, such as Apple, have been
except.
Beijing
said the move was designed to “balance” losses caused by new US tariffs
introduced by President Donald Trump on 22 March. The US President campaigned
on a promise to reduce the US trade deficit.
Mr. Trump
Twitted that “trade wars are good” and would be “easy” for the US to win.
Washington has for years complained about Chinese theft of intellectual
property. China’s state-led economy, according to Washington, has a long-term
technology transfer policy for foreign investors.
China has a
trade surplus with most states around the world.
https://www.neweurope.eu/article/china-enters-trade-war-imposing-tariffs-128-us-products/