Tariff

"Weā€™re just hoping this doesnā€™t last a long time."
Beijing had said it would retaliate with punitive measures on U.S. products worth about $34 billion, including soybeans, pork and cotton.
The EU is challenging the legality of the new tariffs and aims to hit U.S. goods with retaliatory measures.
The investigation could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March.
The additional tariffs were being considered ā€œin light of Chinaā€™s unfair retaliationā€ against earlier U.S. trade actions, Trump said.
Thereā€™s a common thread between last weekā€™s two biggest stories, and it isnā€™t that the U.S. is winning.
The Trump administration continues to face global criticism over its proposed tariffs on steel and aluminum.
Trump said ā€œreal friendsā€ of the United States could win waivers from the new steel and aluminum measures.
The protectionist trade policy also threatens jobs in industries from Kentucky bourbon to Wisconsin cranberries.