Shipping Fears Trade War Escalation as China Hits Back at Trump’s Tariffs

March 23, 2018

The trade war between China and the United States is brewing with China announcing plans to impose duties on U.S. goods worth USD 3 billion.

The move is being taken as a response to the Donald Trump’s new duties on Chinese goods worth USD 60 billion.

Trump said the U.S. was resorting to the Section 301 action, after an investigation launched in August 2017 into China’s laws and policies found that China employs “unreasonable or discriminatory practices that burden or restrict U.S. commerce, and violate intellectual property rights.”

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