China's revenge on the United States is effective, how much impact will the US economy be on the US econom

China's revenge on the United States has come into effect. The largest economy of Asia has increased the tariff on all products imported from the United States by 5 percent, which was 5 percent earlier.

US President Donald Trump has imposed 120 percent tariff on China in his new tariff policy. In response, the country has implemented 5 percent tariff. However, theoretically this tariff will have a greater impact on China than the United States

.Last year, Chinese companies sold about $ 1 billion worth of goods in the United States. At the same time, the amount of products that US companies have sold to China (selling China) are about three times. This calculation indicates that high tariffs will face Chinese business even greater damage

China's revenge on the United States has come into effect. The largest economy of Asia has increased the tariff on all products imported from the United States by 5 percent, which was 5 percent earlier.

US President Donald Trump has imposed 120 percent tariff on China in his new tariff policy. In response, the country has implemented 5 percent tariff. However, theoretically this tariff will have a greater impact on China than the United States.

Last year, Chinese companies sold about $ 1 billion worth of goods in the United States. At the same time, the amount of products that US companies have sold to China (selling China) are about three times. This calculation indicates that high tariffs will face Chinese business even greater damage.

Last year, Chinese companies sold about $ 1 billion worth of goods in the United States. At the same time, the amount of products that US companies have sold to China (selling China) are about three times. This calculation indicates that high tariffs will face Chinese business even greater damage.

Last March, soybeans, fruits, dairy products, pigs and beef imported from the United States to China were increased by 5 percent on chicken, wheat, maize and cotton. This will be associated with new exalted tariffs. Due to these tariffs, US farmers will soon feel the demand for their products in China will feel the decline of the demand.

Sarah Tan, Officer of Moody's Analytics

However, according to analysts, the reality is much more complicated.

Sarah Tan of the research institute Moody's Analytics said that 5 percent of Chinese tariffs will have a huge impact on US companies. The United States considers China as its largest export market. He said that agriculture is one of the most damaged US sectors due to China's counter -action.

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