{"id":87947,"date":"2019-08-03T16:26:02","date_gmt":"2019-08-03T10:56:02","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=8762"},"modified":"2019-08-03T16:26:02","modified_gmt":"2019-08-03T10:56:02","slug":"china-threatens-to-retaliate-against-trump-tariffs","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/china-threatens-to-retaliate-against-trump-tariffs\/","title":{"rendered":"China threatens to retaliate against Trump tariffs"},"content":{"rendered":"\n<ol class=\"wp-block-list\"><li>China has warned of retaliation against U.S. President announcement on imposing a fresh 10% tariff on another $300bn of Chinese goods.<\/li><li>Tariffs are a tax on imports.They are typically charged as a percentage of the transaction price that a buyer pays to a foreign seller.<\/li><li>The US had already applied tariffs of 25% on $250bn of Chinese goods. China had also retaliated with tariffs of up to 25% on US goods worth $113bn.<\/li><li>The US is applying pressure on China to try to force it to narrow the trade deficit which is the gap between imports and exports between the two countries.&nbsp;<\/li><li>The US President has complained that China buys fewer US goods than the US buys from China.He has also accused Chinese firms of stealing US companies intellectual property.<\/li><li>The International Monetary Fund has also said the US-China trade war is dragging on global growth.Recently,it said that the conflict would cut growth by 0.1% points in 2019 and 2020.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>China has warned of retaliation against U.S. President announcement on imposing a fresh 10% tariff on another $300bn of Chinese goods. Tariffs are a tax on imports.They are typically charged as a percentage of the transaction price that a buyer pays to a foreign seller. The US had already applied tariffs of 25% on $250bn&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/china-threatens-to-retaliate-against-trump-tariffs\/\">Continue reading <span class=\"screen-reader-text\">China threatens to retaliate against Trump tariffs<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[164],"tags":[5479,3548],"class_list":["post-87947","post","type-post","status-publish","format-standard","hentry","category-international-relations-daily-factly-articles","tag-china-us","tag-tariffs","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704877869},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/87947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=87947"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/87947\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=87947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=87947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=87947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}