Chinese children peek from behind a trash can at a McDonald's in Beijing in October 2000, the month the United States granted China permanent normal trade relations.
The consequences of the U.S. fight with China over trade are slowly coming into focus. On April 3, President Donald Trump's administration unveiled a list of 1,333 products to which it intends to apply a 25 percent tariff. In 2017, these goods altogether were worth about $50 billion in trade. Just a few hours later, China released its proportional response: 25 percent tariffs on 106 products, also worth $50 billion in trade. Now that Stratfor has both countries' tariff lists in hand, we can assess what matters and what doesn't about the goods China and the United States have chosen to target, and we can anticipate the course of any possible negotiations between the two....
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