Source: FARM POLICY NEWS, UNIV. OF ILLINOIS, 7/9/18

Don Lee reported on the front page of Saturday’s Los Angeles Times that, “The tariffs that the United States and China slapped on each other’s exports Friday intensified a trade battle that has a strong risk of roiling financial markets, chilling consumer confidence and seriously harming the global economy. “After President Trump followed through on his threat to apply 25% levies on $34 billion of Chinese products, mostly machinery and industrial parts, Beijing accused the United States of 'launching the largest trade war in economic history.’ It fired back with dollar-for-dollar tariffs mainly on American farm products and other foods.”

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