Trade War intensifies! China retaliates in ‘biggest trade war in economic history.’

Jul 6, 2018

Trade War intensifies! China retaliates in ‘biggest trade war in economic history.’

Jul 6, 2018

U.S. tariffs on $34 billion worth of Chinese goods kicked in on Friday, escalating a war of words between the world’s two largest economies into a full-blown trade conflict.  Washington’s 25 percent duties went into effect at midnight EDT, and China immediately implemented retaliatory tariffs on its $34 billion list of goods issued last month, including soybeans, pork and electric vehicles. Beijing called it the “biggest

trade war in economic history.” It’s unlikely to stop there. In fact, there will probably be “escalation upon escalation,” warned Geoff Raby, Australia’s former ambassador to China.  Ahead of the Friday implementation of American and Chinese tariffs, Raby told CNBC that “it looks like the first shots to the trade war are about to be fired.” China, for its part, was already calling the tariff threats between Beijing and Washington a “trade war” in June. READ MORE


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End Time Headlines is a ministry founded, owned, and operated by Ricky Scaparo, established in 2010 to equip believers and inform discerning individuals about the “Signs and Seasons” of the times in which we live. Ricky authors original articles and curates news from mainstream sources, carefully selecting topics, verifying information, and utilizing artificial intelligence tools to ensure content is both timely and accurate. Every piece is personally reviewed and edited by Ricky to align with the ministry’s mission of providing a prophetic perspective on current events.

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