US Tariffs: China Countermeasure & Economic Stimulus Explained
US tariffs are set to increase this week as President Donald Trump’s administration follows through on threats to impose additional 10% duties on Chinese imports. The escalation has prompted immediate reactions from Beijing, with China preparing countermeasures focused on American agricultural exports amid rising China-US trade tensions. Also Read: CBDC Debate: Digital Euro Expands While Russia Delays Digital Ruble & U.S. Holds Back How China Plans to Combat US Tariffs, Strengthen Factories & Stimulate Growth China Targets US Agriculture as Primary Retaliation Target China’s potential countermeasures against US tariffs are being closely examined by markets worldwide right now. According to a report from the Global Times, a state-backed Chinese newspaper, US agricultural and food products will likely be the primary targets of Beijing’s response. Also Read: 3 Ways Through Which Trump May End De-Dollarization Once And For All “China is studying and formulating relev...