US tariffs on Chinese imports take effect
Asia is bracing for the opening salvo in a tit-for-tat trade battle, with the US due to impose 25% tariffs on $34bn of Chinese goods on Friday. China is expected to match the move with a 25% levy on US goods to the same value on the same day. The tariffs would mark a significant escalation in the trade dispute between the world’s two biggest economies. The row has caused turbulence on the world’s stock markets and could hurt global trade and growth. Read More @https://www.bbc.com/news/business-44707253
Trump says U.S. tariffs on Chinese goods could exceed $500 billion
President Donald Trump said on Thursday the United States may ultimately impose tariffs on more than a half-trillion dollars’ worth of Chinese goods as the world’s two largest economies hurtled toward the start of a trade war. Read More @ https://www.reuters.com/article/us-usa-trade-china/trump-says-u-s-tariffs-on-chinese-goods-could-exceed-500-billion-idUSKBN1JV063?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29
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