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China says it will slap tariffs on autos and thousands of other U.S. goods. It’s an escalation of a trade war that has rippled through the world economy and raised U.S. recession fears.
The Trump administration is postponing some tariffs on Chinese imports set to take effect on Sept.1. Tariffs on laptops, cellphones, some clothing and other items are now set to begin Dec. 15.
Stocks resumed their slide, amid escalating fears that the U.S.-China trade war will further damage a worldwide economy that’s already slowing. Central banks in Asia and New Zealand cut rates.
The Trump administration announced Friday that it will delay tariffs on cars and auto parts imports while it negotiates trade deals with Japan and the European Union.
The U.S. Trade Representative published a list of Chinese goods that would be hit with new duties, from artists’ brushes to watches.
U.S. stock markets plunged on the news, with the Dow Jones Industrial Average falling by up to 580 points in the first hour of trading Monday.
Ohio Valley farmers say the latest tariff escalation between the Trump administration and China could continue to hurt their businesses, with many farmers already facing financial struggles. As Chinese officials visit Washington, D.C., for more trade talks, the Trump administration announced this week increased tariffs, planned to go into effect Friday, on $200 billion dollars worth of Chinese… Read More
China and the U.S. are scheduled to continue trade talks in Washington this week, but President Trump’s threat has blindsided Beijing, a trade analyst says.
Some manufacturers evaded scrutiny by slightly modifying the molecular structures of substances. Monday’s announcement “puts a wider array of substances under regulation,” a Chinese official says.
President Trump has suspended a planned increase in tariffs on hundreds of billions of dollars in Chinese imports, after what he called “very productive” trade talks in Washington this weekend.