New tariffs take effect as China accuses US of 'economic hegemony'

China 0 Comment 0

Washington imposes $200bn taxes on Chinese goods, while Beijing targets $60bn of US goods

The United States and China have imposed new tit-for-tat tariffs against each other’s goods, the latest escalation in a heated trade war between the world’s two largest economies.

US tariffs on $200bn worth of Chinese goods and retaliatory tariffs by Beijing on $60bn worth of US products took effect at 0400 GMT. The two countries already exchanged tariffs on $50bn worth of each other’s goods earlier this year.

Related: US-China relations deteriorating fast over flashpoint issues

Related: The US-China trade war is unlikely to be settled soon | Nils Pratley

Continue reading…
Source: china
Link : New tariffs take effect as China accuses US of ‘economic hegemony’


Leave a comment


Back to Top