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Good Morning, China! Make That $200 Billion

Forbes
Good Morning, China! Make That $200 Billion

Goooooood morning, Shenzhen! I love the sense of fear in the morning. The $34 billion in China tariffs that were expected to become $50 billion this month has become $200 billion instead. Sort of. The Trump administration listed more Made in China goods facing extra charges at American ports. China will retaliate by the time the market opens this morning. On what, we don’t know, but if they do retaliate in kind it would be roughly the entirety of what the U.S. exports to China. So far this year, the U.S. exported around $60 billion worth of goods to China and imported $205.1 billion, according to Census data. The news on the tariffs extension broke last night, sending the MSCI China down nearly