A week ago, Bengt Halvorson mentioned the federal government's plan to impose a 35% tariff on tires imported from China. In a move that should surprise absolutely no one, China has now begun laying the groundwork for retaliation: according to the AP, the Chinese government "is carrying out a probe of some imports of American-made autos", allegedly at the request of unnamed Chinese automakers. We don't know the focus of the investigation just yet, but would anyone be shocked if it resulted in new taxes on vehicles imported to China from the U.S.? [BusinessInsider]
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