INSIDE GLOBAL TRADE

Policy Brief No. 201851

July 13, 2018

-The paper has been published in China Daily, July 13, 2018.-

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US tariff measures may boomerang

Dong Yan

US President Donald Trump has launched a tariff war not only against China but also against some other economies and threatened to undermine the multilateral trading system. Apart from China, quite a few other economies have also taken countermeasures to Trump's unilateral and protectionist moves. For instance, Russia plans to impose 25-40 percent tariff on US industrial goods, including equipment for road construction, oil and gas, and mining in response to the US tariffs on Russian metals.

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