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'China is not paying for it': Trump tariff hike hits everyone from beer brewers to book publishers


Added 08-24-19 09:02:01am EST - “American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.” - Cnbc.com

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Posted By TheNewsCommenter: From Cnbc.com: “'China is not paying for it': Trump tariff hike hits everyone from beer brewers to book publishers”. Below is an excerpt from the article.

Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.

China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...

The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.

Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.

The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.

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