China raises tariffs on optical fiber materials

China bull

So how does it affect the everyday American?

A CBS News poll from December of 2016, the month before Trump took office, found that 57 percent of Americans said they thought US trade practices with other countries resulted in fewer jobs in the U.S. Snopes, the fact checking website, pointed out that imposing tariffs would have a large impact on American consumers because 35% of all apparel imported in 2016 came from China. Put simply, tariffs are fees or taxes assessed on certain products when imported into a country.

China's commerce ministry said on Monday that it will use funds collected from tariffs charged on imports from the United States to help ease the impact of USA tradeactions on Chinese companies and their employees.

France vs Belgium, World Cup semi-final
Even though France has a young team, they also have a very experienced player on the team, the goalkeeper , Hugo Lloris . The attacker has been crucial to Belgium's run to the semi-finals, providing two goals and two assists for his side.

Beijing had said that China's punitive tariffs on US products would immediately take effect after America imposed penalties on Chinese goods worth a similar amount. On Monday, China placed fees on a wide range of USA products, including scrap aluminum, sparkling wine and apples.

The Peak Pegasus caused a stir on Chinese social media as it raced to reach China before the tariffs started on Friday and remained berthed at Dalian and fully laden as of Monday afternoon, according to Eikon data.

A ship carrying USA soybeans took off for China last week just before the Asian country's retaliatory tariffs went into effect. On Thursday, Trump was entertaining the idea of another $100 billion in tariffs.

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