DonKnock
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Trade wars: China retaliates against US with new tariffs on soybeans, whisky and cigars - business live
The Chinese finance ministry has released more details of the new 25% tariffs which it will impose on US imports, in retaliation to Donald Trump’s new tariffs on its exports.
It confirms that the reciprocal measures cover 106 different US products.
The list includes soybeans, chemicals, whisky, cigars, some types of beef, corn and wheat.
Some types of aircraft, lubricants, tobacco and orange juice are also targeted, along with some trucks and SUVs.
Crucially, these imports were worth $50bn in 2017 -- that’s the same value as the 1,300 Chinese goods which America is targetting with its new tariffs.
Soybean futures are going dooooown
“Man at home, you living for the moment. Come to game, don’t run it, I own it. Kush and orange juice be the components. Come to my crib, see money so big you can’t fold it. That’s how I live”
China really told Trump “We don’t smoke blunts, bytch”