China responded to President Donald Trump’s tariffs on all Chinese imports by upping their own, but experts told the Daily Caller News Foundation that they’re not likely to impact America as much as the Chinese Communist Party (CCP) would hope.
China instituted 15% tariffs on coal and liquefied natural gas (LNG) and a 10% tariff on crude oil, agricultural machinery and large-engine cars as a reaction to Trump’s blanket 10% tariff on all goods. However, China’s move is unlikely to affect U.S. consumers or producers in any significant way, since the U.S. can go elsewhere for the goods affected, experts told the DCNF.
“Chinese tariffs on US coal, gas, and oil are unlikely to have a significant impact or a negative impact on the US economy,” John Lee, senior fellow at the Hudson Institute, told the DCNF. “These are commodities which the US can sell to other markets quite…
