Soybeans, Cars, Planes, and “To Hell With Wall Street”

Read more on this subject: Economy – Economics USA
News Story Source: https://www.themaven.net
In the tit-for-tat trade war, China struck back with tariffs on Soybeans and other items.

In the tit-for-tat trade war, China struck back with tariffs on Soybeans and other items.

Trump imposed another $50 billion tariffs on China, as noted yesterday.

Today, Beijing Hit Back at the U.S. with tariffs on an equivalent $50 billion of goods.

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While the Trump list would affect 1,300 categories of goods, China critically is targeting a narrower range of 106 types of U.S. goods, many of them high-profile. Soybeans and smaller commercial passenger planes, mostly made by Boeing Co. , are the most valuable U.S. exports to China, worth nearly $23 billion last year.

Also prominent in China's retaliation are sport-utility vehicles and other agricultural products, from beef to sorghum—goods that were chosen to hit U.S. states that supported President Donald Trump, according to people familiar with Beijing's plans.

Trump imposed another $50 billion tariffs on C
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