The Chinese Foreign Ministry warned of retaliatory measures after Washington increased tariffs on about $200 billion worth of Chinese imports from 10% to 25%. According to the Chinese Finance Ministry, 10-25% on import duties for different groups of US goods will come into effect on 1 June. In total, 5,410 US products will be affected by the tariffs. Tariff hikes on all remaining US imports from China, are valued … Continue reading USA-China Trade War targeting Welfare of Consumers on both sides