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China responded immediately to the latest tariff on Chinese imports imposed by the US government under the excuse of an investigation under Section 301 of the Trade Act of 1974 on Friday, arousing wide concerns that a trade war will not only harm the pair's huge bilateral trade but also US companies' confidence in China.
China ranked fourth among Kentucky's export destinations in 2017, when exports surged by 60 percent to an all-time high of .81 billion. That was due in large part to a substantial increase in the number of vehicles shipped to China, including the Lincoln Navigator and Lincoln MKC, according to a release from the governor's office.
China will continue opening-up, shorten negative list: Ning Jizhe
China proposes increasing an existing 30 percent tariff on the fuel by an additional 15 percent. Iowa shipped a record 4.2 billion gallons of the renewable fuel last year. About half of Iowa's corn production is used to make ethanol and dry distiller's grain, a feed for livestock.
China registered the first quarterly current account deficit in 17 years in this year's first quarter. Such a deficit is when imports exceed exports. The deficit was .2 billion, compared with a surplus of .4 billion a year ago. But the market seems to have fewer concerns over China than other emerging markets. This is because of China's stable macroeconomic conditions and its record of successful control of capital flight, although Sino-US trade tensions may increase uncertainties in the financial sector, according to economists.
来源：资阳报