And the trade headlines are back... China announced retaliatory tariffs on 5% to 10% on another $75 billion worth of U.S. goods, including oil, effective Sept.
1, as well as resuming 25% tariffs on U.S. autos, effective Dec.
"In response to the measures by the U.S., China was forced to take countermeasures," the Chinese State Council said in a statement on Friday.
"The Chinese side hopes that the U.S. will continue to follow the consensus of the Osaka meeting, return to the correct track of consultation and resolve differences, and work hard with China to end the goal of ending economic and trade frictions." President Trump took to Twitter to respond to China's retaliation.
....better off without them.
The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP.
Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing..
— Donald J.
Trump (@realDonaldTrump) August 23, 2019 Watch to see what Jeff Marks, who is filling in for Jim Cramer Friday, has to say about the tariffs.
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