Question

Find a current event article about some topic from chapter (Trade and Tariffs). This current event must be no older than 2 months. Here's what to do:

1) find your article

2) under the discussion for chapter 5 post a short summary of your article and explain how it fits in chapter ( Trade and Tariffs).

Be sure to include your link so students can go read the article.

Answer 1

Article name: US and China begin imposing new tariffs as trade war escalates

A new round of tariffs took effect from 0401 GMT on Sunday, with Beijing's levy of 5% on US crude oil marking the first time the fuel has been targeted since the world's two largest economies started their trade war more than a year ago.
The Trump administration will begin collecting 15% tariffs on more than $125bn in Chinese imports, including smart speakers, Bluetooth headphones and many types of footwear. In retaliation, China started to impose additional tariffs on some of the US goods on a $75bn target list.
The new round of tariffs promises more volatility when stock markets resume trading on Monday, although Wall Street is closed for the Labor day holiday.The trade tariffs on China have contributed a slowing of the Chinese economy, as well as other countries' economies in the region. Last month, Donald Trump said he was imposing tariffs on $300bn worth of Chinese imports previously spared in the trade dispute. The US trade representative's office said on Thursday it would collect public comments until 20 September on a planned tariff increase to 30% on a $250bn list of goods already hit with a 25% tariff.