ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Trade war

China's retaliatory tariffs to hit US where it hurts

Beijing singles out American goods reliant on Chinese customers

Printed circuit boards, commonly imported to the U.S. from China, likely will be affected by Washington's new tariffs, an American semiconductor industry group says.
Printed circuit boards, commonly imported to the U.S. from China, likely will be affected by Washington's new tariffs, an American semiconductor industry group says.    © Reuters

TOKYO --The tariffs that the U.S. and China are threatening each other with would exact significant pain on the American auto and agriculture industries as well as other vulnerable goods.

The U.S. late last week said it will start imposing 25% duties on $34 billion worth of Chinese products on July 6. Another $16 billion in tariffs would come at a future date. Beijing responded almost immediately with its own list of tariffs on $50 billion worth of imports from the U.S. The first $34 billion worth would also take effect on July 6, with the rest kept in reserve in case Washington further escalates matters.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more