What Tariffs Could Mean for the Chinese Economy

Both China and the United States put out a new round of tariffs this past Friday amounting to $34 billion a piece. The first half of 2018 has seen a flurry of threats on levies against some of the US’s biggest trade partners. These efforts are part of President Trump’s attempt to make good on some of his more aggressive campaign promises.

The back and forth began in February when Trump instituted tariffs on aluminum and steel, a move clearly targeting China who is the biggest exporter of steel and aluminum. The economic impact of a trade war between China and the United States could have far reaching domestic and international consequences for both countries.