Reuters: U.S.-China talks on trade war resume as new tariffs kick in
BEIJING/WASHINGTON (Reuters) - The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of each other’s goods, even as mid-level officials from both sides resumed talks in Washington.
The world’s two largest economies have now slapped tit-for-tat tariffs on a combined $100 billion of products since early July, with more in the pipeline, adding to risks to global economic growth.
China’s Commerce Ministry said Washington was “remaining obstinate” by implementing the latest tariffs, which kicked in on both sides as scheduled at 12:01 p.m. in Beijing (12:01 a.m. EDT/0401 GMT).
Read more ....
More News On The U.S. - China Trade War Escalating
Beijing retaliates as new US tariffs kick in on $16 billion of Chinese goods -- CNBC
U.S. And China Impose Fresh Tariffs As Trade War Escalates -- NPR
Trade war: The US and China just slapped new tariffs on each other -- CNN
China, U.S. Fire Off New Tariffs in Middle of Trade Talks -- The Wall Street Journal
US-China trade war escalates as both sides announce new tariffs -- Al Jazeera
In a few months both governments will be well past $100 billion in tariffs.
ReplyDeletePersonally, we need to ramp up tarrifs faster. Let's get this over with!
ReplyDeleteOK enough is enough, China.
ReplyDeleteI'm all for establishing official relations with Taiwan. Re-establish strong ties with Hong Kong. Establish a network of allies around China, ready to go at a notice. Nuke chains. Drone swarms. And, yes, even an inflatable Trump balloon. I'm ready to go there.