China’s Ministry of Commerce added 106 more products – everything from soybeans to aircraft – to the list of U.S. products it is targeting for 25% retaliatory tariffs.
Among the additions: Whiskeys and brewing or distilling dregs and waste.
Will the tariffs ever actually be imposed? Maybe. Maybe not. Larry Kudlow, President Trump’s top economic adviser, played down the threat: “I don’t think it’s a trade war. I think there is going to be intense negotiations on both sides.”