BROADCAST AND DIGITAL RESTRICTIONS~ **BROADCASTERS: NO USE.
DIGITAL: NO USE AUSTRALIA BROADCASTERS.
NO USE ABC, CNN, FOX, UNIVISION, TELEMUNDO, BBC AMERICA, NBC.
VIDEO MUST BE USED IN ITS ENTIRETY.
EXISTING GRAPHICS MAY BE OVERWRITTEN BY CLIENT'S OWN GRAPHICS BUT NO FURTHER EDITS ARE PERMITTED, INCLUDING FOR LENGTH** China will impose tariffs on about $75 billion worth of U.S. goods.
Bejing announced the move Friday, slapping import tax of between five and ten percent on over 5,000 American products including agriculture and crude oil.
The move comes in retaliation after the U.S. last month announced tariffs of $300 billion of Chinese goods, including consumer electronics.
The tit-for-tat escalation in an ongoing trade war between the world's two largest economies has roiled financial markets.
And some investors fear that without a resolution the trade impasse could erode U.S. economic growth.
But U.S. President Donald Trump maintains that the American economy is strong, even as he's considering various tax cuts to boost consumer spending.