Trump’s tariffs bump against China set to go into effect, are countermeasures imminent?

Trump signed the order to bump up China tariffs to 20% here yesterday. These are set to take effect in less than 10 minutes now and in all likelihood, there should be some countermeasures announced by Beijing. Last month, they announced tariffs on US coal, liquified natural gas here in response to Trump’s initial 10% tariffs.

China is of course busy with the “two sessions” meetings in parliament this week. But surely they will have something prepared for this to respond in due kind.

This article was written by Justin Low at www.forexlive.com.