Trump Plans $100 Billion Tariff Plan on China

By Nick Baum

FRIDAY – 4/6/18

President Donald Trump has announced a new tariff plan that adds up to a $100 billion dollars for the US. Trump called for this plan just hours after China announced their own tariff plan on U.S. machinery and goods.

The plan itself will tax many Chinese goods imported to the U.S, and to many, has really sparked a trade war between China and America. After Trump announced his new tariff plan, the Dow Jones Industrial Average fell 0.8%, not as bad as when President Trump announced his initial tariffs on steel and aluminum.

The back to back tariffs has not only signaled a trade war, but could even be more consequential, as the tariffs are being placed back and forth on the world’s two largest economies. There is still no information on how China will respond to these tariffs.

Sources: CNN Money, Reuters

Published by


Hey, I'm head of The Daily Nick. Other interests include soccer, photography, and arguing with people who disagree with me.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s