New story in Business from Time: It’s Not Just China’s Retaliatory Tariffs That Should Worry U.S. Businesses
On Monday, China hit back at the Trump administration’s decision to raise duties on steel and aluminum imports, imposing tariffs of up to 25% on 128 American goods — including pork, wine and fruit — worth an estimated $3 billion. Beijing said the hike was intended to “safeguard China’s interests and balance” losses caused by …