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Thursday, July 05, 2018 10:57:31 PM
Geoff Raby, Australia’s former ambassador to China, told CNBC on Friday: “It looks like the first shots to the trade war are about to be fired.”
U.S. President Donald Trump said on Thursday that tariffs on $34 billion worth of Chinese goods will kick in at 12:01 a.m. EST on Friday morning. China said that its tariffs on U.S. goods would take effect immediately after the U.S. duties kick in.
“We’ll probably see escalation upon escalation. China has made it absolutely clear,” Raby said.
https://www.cnbc.com/2018/07/06/trade-war-worries-us-china-tariffs-to-kick-in-on-friday.html
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