On monday china imposed tariffs on 3 billion of u. S. Goods in retaliation for tariffs on steel and aluminum imports. On tuesday the white house fired back, threatening to impose tariffs on 50 billion worth of chinese goods because of allegations of intellectual property theft. On wednesday china retaliated, threatening to impose tariffs on 50 billion of u. S. Goods, and then on thursday, the white house announced, President Trump announced threats of tariffs on another 100 billion worth of chinese goods. China is running out of u. S. Exports to slap tariffs on because of the trade imbalance here, but a lot of experts say there are other levers that china could use to try to put pressure on the u. S. President trump for this latest threat, he accused china of trying to hurt u. S. Farmers and promised he would try to protect them. Some of the threatened tariffs target soy bean production which is a big export business for the u. S. There are signs that some of the president s allies are
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