China sets Tariffs on $60 Billion in U.S. Goods

The trade escalation continues as China set tariffs on $60 billion in U.S. goods after President Trump announced tariffs on $200 billion in Chinese goods. This escalation goes beyond the back and forth between the two countries, but they need to sit down and negotiate an outcome that benefits both parties. The credit-ratings agency, Moody’s, expressed that the tariffs will hurt the global economy “by distorting prices and creating inefficiencies globally.” Uncertainty still remains among many companies as they rely on global supply chains for their businesses.

Written by: Anthony Kuhn and Avie Schneider