US President Donald Trump has threatened China with a 104 per cent tariff, if Beijing doesn’t drop its 34 per cent tariff on US goods.
President Trump announced the plan on social media, as stock markets across the world continued to plummet.
What’s next?
Beijing has not yet commented on the president’s threat.
I don’t recall exactly the year but there was a commerce problem between Japan and either France or Germany in the 80s. Japan didn’t want European cars in their market so made up a special inspection of engines for foreign cars. So the other side picked the best selling export I think Nagasaki bikes, and made up some special inspection as well. They ended up both allowing the free sale of both vehicles