trade Part­ners of the Us re­tailate

Perfect Sourcing - - Cover Story -

Bei­jing hit back on with tar­iffs worth $34bn and has said it will match Trump’s $50bn threat. China’s re­tal­ia­tory tar­gets in­clude soya beans, which will hit agri­cul­tural com­mu­ni­ties usu­ally loyal to the pres­i­dent, as well as cot­ton, corn, tobacco and cars. Canada hit back by im­pos­ing tar­iffs on more than 100 US prod­ucts, from ketchup to toi­let pa­per, in­sec­ti­cide and wash­ing ma­chines. Mex­ico is tar­get­ing more than a dozen agri­cul­tural prod­ucts, in­clud­ing pork and cheese. The EU, stung by the steel tar­iffs, has launched re­tal­ia­tory tar­iffs worth $3.4bn on a wide va­ri­ety of prod­ucts, in­clud­ing whiskey, Levi’s jeans and Har­ley-david­son mo­tor­cy­cles. Trump has threat­ened to hit back with car tar­iffs of 20%, which would be highly dam­ag­ing for the Ger­man auto in­dus­try.

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