As China Fires Back in Trade War, Here Are the Winners And Losers

Soybean farmers, automakers will be hit by Chinese tariffs
Duties may also hurt sales of Boeing’s best-selling plane

The tariffs are targeted to hurt pro-trump states, says Isaac Stone Fish, a senior fellow at Asia Society. (Source: Bloomberg)

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By Thomas Biesheuvel

April 4, 2018 at 10:54 AM UTC

Updated on

April 4, 2018 at 12:34 PM UTC

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In the brewing trade-war between the U.S. and China, the list of losers already outweighs the winners.

President Donald Trump escalated tensions on Tuesday, proposing tariffs on a range of Chinese-made products worth about $50 billion with a focus on high-tech items. China wasted no time in firing back with 25 percent tariffs on imports of 106 U.S. products covering everything from soybeans, automobiles, chemicals and aircraft.