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: President Donald Trump said Tuesday he is in “no rush” to speak with his Chinese counterpart Xi Jinping despite expectations of a phone call soon to discuss the escalating US-China trade war. Trump spoke to reporters at the White House a day after Washington and Beijing exchanged new tariffs hitting the world’s two biggest … 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