Friday, March 13

Tag: chinese goods

US imposes new tariffs on $200bn of Chinese goods
World

US imposes new tariffs on $200bn of Chinese goods

The US is imposing new tariffs on $200bn (£150bn) worth of Chinese goods as it escalates its trade war with Beijing. These will apply to almost 6,000 items, marking the biggest round of US tariffs so far. Handbags, rice and textiles will be included, but some items expected to be targeted such as smart watches and high chairs have been excluded. The Chinese commerce ministry said it had no choice but to retaliate. In a statement, the ministry said that it hoped the US would correct its behaviour, but did not specify what actions it would take. The US taxes will take effect from 24 September, starting at 10% and increasing to 25% from the start of next year unless the two countries agree a deal. President Donald Trump said the latest round of tariffs was in response to China...