Trump Admin. Prepares To Hit China With $16-Billion In Tariffs

posted by Jessi Minneci - 

The Trump administration is ready to hit China with about $16-billion in new tariffs.  

Officials say they will begin collecting a 25-percent tariff on 279 product lines, including Semiconductors, on August 23rd.  

China says it will match tariff moves on U.S. products, including oak wood and liquefied natural gas entering that country in this showdown between the two largest economies in the world.

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