Traders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange on August 16, 2018 in New York. (AFP / Bryan R. Smith)
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From iconic Harley Davidson motorcycles and American bourbon to machinery and computer processors, the world's two largest economies have exchanged punitive tariffs that slice through a wide swath of key products.Starting Thursday at 12:01 am (0401 GMT), the US will charge 25 percent import duties on an additional $16 billion in Chinese products, bringing the total to over 1,000 items valued at about $50 billion in trade a year.China has responded dollar-for-dollar on hundreds of US goods, putting the total value of affected goods at $100 billion, one-seventh of the total annual US-China trade.As China has vowed to retaliate further, Trump has threatened to target all $500 billion in goods the US imports.
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