The Chinese government could enjoy early mover advantage this Friday, because of the time difference between Washington and Beijing, Japanese newspaper Asahi Shimbun reported Tuesday.
According to the report, the Chinese authorities will allow its tariffs against U.S. products to go into effect starting at 12 a.m. Friday.
When Beijing levies those extra charges against products like U.S. soybeans, whiskey, and automobiles, it will be 6 p.m. Thursday in Washington.
China will impose the taxes on a total of $34 billion worth of U.S. goods.
The trade war could hurt multinational carmakers that sell imported U.S. vehicles in China.
(UPI)
3/7/18
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