China’s 10% additional tariff on vehicles with larger engines imported from the US took effect Monday as the two countries failed to reach a deal over the Trump administration’s blanket levy on Chinese goods. The extra tariff went into effect on Monday against goods including vehicles with engines larger than 2.5 liters, according to Chinese … Read more
Washington: US President Donald Trump and Chinese counterpart Xi Jinping are expected to speak by phone on Tuesday, just hours after slapping tariffs on each other’s economies in an escalating trade war. Beijing said it was imposing levies on imports of US energy, vehicles and equipment in a return salvo minutes after Trump’s threatened tariffs … Read more
Washington: The trade tensions between the US and China have escalated significantly, with China imposing counter-tariffs on US imports in response to President Donald Trump’s 10% tariff on Chinese goods. This move has reignited the trade war between the world’s two largest economies, with China’s Finance Ministry stating that the US tariffs violate World Trade … Read more