On the U.S. side, the Trump administration proposed tariffs of 25 percent on 1,300 goods imported from China worth roughly $50 billion as punishment for the country’s policies on technology transfer and intellectual property.
On the China side, [FONT=&]vowed a 25-percent duty at 106 products with a value of $50 billion.
Now the U.S. is proposing $100 billion.
[/FONT]opcorn:
Deep rabbit hole here, be warned...there's been update posts since this one but it purports to explain the true reason behind so much Republican obstructionism to Trump's America First agenda. If you read it, it's quite depressing.
https://theconservativetreehouse.co...ic-confrontation-neil-cavuto-vs-larry-kudlow/
BEIJING (AP) — President Xi Jinping has promised to cut China’s auto import tariffs and ease restrictions on foreign ownership in its auto industry amid an escalating tariff spat with Washington.
In a speech Tuesday at a business conference, Xi made no direct mention of the dispute with President Donald Trump but pledged to open China’s markets further and improve conditions for foreign companies.
Xi said Beijing will “significantly lower” tariffs on auto imports this year and ease restrictions on foreign ownership in the auto industry “as soon as possible.”