By Lisa Haven

Until now, the U.S. trade war with China has simply been a bunch of threats, but now things are about to get very real as two of the worlds largest economies are escalating a trade war.

While trade relations between the two economic powerhouses have not always been smooth, they changed dramatically Friday, when Washington imposed it’s first tariff of $34 billion in Chinese goods, initiating an immediate retaliation from China. If Trump’s threats throughout May and June are to be taken seriously, nearly a third of Chinese imports to the United States could be affected by tariffs in coming months…  All that and more below…

 

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For More Information See:

https://uk.reuters.com/article/uk-usa-trade-france/full-trade-war-threatens-2008-style-recession-warn-french-government-advisors-idUKKBN1JT10C

https://www.zerohedge.com/news/2018-07-05/analysts-brace-serious-disruption-trade-growth-tumbles-ahead-tariffs

https://www.marketwatch.com/story/trump-threatens-china-with-tariffs-on-more-than-500-billion-of-goods-2018-07-05