The DePaulia

China retaliates on tariffs, stock markets go into a slide

In this March 5, 2019, file photo, cargo containers are staged near cranes at the Port of Tacoma, in Tacoma, Wash. China has announced tariff hikes on $60 billion of U.S. goods in retaliation for President Donald Trump's escalation of a fight over technology and other trade disputes. The Finance Ministry said Monday, May 13, the penalty duties of 5% to 25% on hundreds of U.S. products including batteries, spinach and coffee take effect June 1.

Joe McDonald and Paul Wiseman, Associated Press

May 13, 2019

BEIJING (AP) — Sending Wall Street into a slide, China announced higher tariffs Monday on $60 billion worth of American goods in retaliation for President Donald Trump's latest penalties on Chinese products. Duties of 5% to 25% will take effect on June 1 on about 5,200 American products, including...

White House expects China to retaliate over trade tariffs

Treasury Secretary Steve Mnuchin, second from left, and United States Trade Representative Robert Lighthizer, right, speak with Chinese Vice Premier Liu He, left, as he departs the Office of the United States Trade Representative in Washington, Friday, May 10, 2019.

Associated Press

May 12, 2019

WASHINGTON (AP) — The U.S. is awaiting retaliation from China over increased tariffs, after talks in Washington ended without a deal on trade, the president's chief economic adviser said on Sunday. "The expected countermeasures have not yet materialized. We may know more today or even this evening...

China’s soybean tariffs affect Illinois farmers

The Gall family. “I am the guy in the center, back row. My son Russell to the left of me and my son-in-law Paul to the right . Front row left to right: grandson Colten, then my wife Cindy, then grandson Barrett, our daughter Audra, dog Rayland.”

Heather Stone & Stacey Sheridan, Contributing WriterS

November 5, 2018

“The American farmer is always the pawn,” said Lenny Gall, of Highland, Illinois. “Every time there’s a negation or conflict with a foreign country, the American farmer gets put right in the middle.” The Gall family farm sits on 180 acres of land in Highland, IL, mainly producing...

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China Tariffs