Tariffs increased on Chinese imports in US

//Tariffs increased on Chinese imports in US

Tariffs increased on Chinese imports in US

Bloomberg: U.S., China Lack Deal But Avoid Rupture After Tariff Hike

Article published: May 10, 2019

IB Economics syllabus: International economics (international trade, protectionism, tariffs)

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Why is this article useful?

The ongoing trade war between the U.S. and China was almost ending, when “President Donald Trump boosted tariffs Friday on $200 billion in goods from China” in order to “extract trade concessions.” China will most likely retiliate (meaning that U.S. products will also be taxed) and the economic growth prospects of both countries have already declined.

Source of image: Bloomberg | Image taken from video on the site of the article

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By | 2019-05-10T20:09:55+00:00 May 10th, 2019|International Economics|Comments Off on Tariffs increased on Chinese imports in US

About the Author:

My name is Daniel Szekely and I work as an IB Economics tutor, examiner and teacher. Having earned an MA degree in Economics at the University of Aberdeen, I started my career as a financial analyst at Morgan Stanley, one of the largest investment banks of the world. Yet, despite the promising career prospects of the banking industry, I decided to make a larger social impact by becoming a teacher. Currently, I teach IB Economics at SEK Budapest International School and have been an examiner for over 8 years. I started EconDaddy as a simple blog to share great articles with my students and others taking IB Economics around the world to use for their commentaries. Being a practicing IB Economics tutor, I have first hand insight into the most common mistakes of students, so the EconDaddy blog now also provides exam and commentary writing tips.

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