I want to get jones and this is a Business Asia welcome to the u. S. China trade war is taking its toll on global stock market shares are heading south from asia to europe this is beijing gets ready to ramp up retaliation to u. S. Measures blacklisting some quote unreliable foreign firms and hiking tariffs on a range of u. S. Goods starting on june the 1st u. S. Time so where are we up to in this conflict now so far the u. S. Has imposed tariffs on chinese goods worth 250000000000. 00 thats almost half of the goods china sold to the u. S. In 2018 now beijing retaliated by imposing tariffs on 110000000000 Dollars Worth of u. S. Goods entering china and thats almost as much as all of us exports to china in 2018 hours washington keeps up the pressure threatening to raise more tariffs on chinese Goods Beijing has responded by threatening to stop supplies of rare metals crucial for many high take items now meanwhile on the u. S. Doorstep the president on a trump has said he will levy a 5 pe
coffee shops popping up everywhere it task the reputation of being the land of tea but china now produces more beans than coffee powerhouse costa rica or kenya combined. they ve arrived in every major city international coffee chains are popping up all over china with a caffeine fueled enthusiasm starbucks opens a cafe here every 15 hours and suddenly everyone has their favorite coffee down to trim a black no sugar for them aka i think a lot but as well as serving domestic demand china is increasingly helping the rest of the world get its coffee cake in recent years many farmers have converted to the crop some of them doubling their income to around $10.00 a day something worth singing about. before i grew corn and potatoes but i made much less money than i do now with coffee. because. once famous for tea pu er is now china s coffee capital the 1st plants were