Africa Map

African Press Agency

African Press Agency Logo
   

 Home
 Country Profile
 Useful Links
 Contact us

Home

US/ChinaBack
[Published: Sunday September 01 2019]

US hits China with new tariffs

WASHINGTON 1 Sep (ANA) - The US has imposed fresh tariffs on $ 112bn (£ 92bn) of Chinese imported goods such as shoes, nappies and food.
The new tariffs are a sharp escalation in the bruising trade war, and could cost households $ 800 a year.
The move is the first phase of US President Donald Trump's latest plan to place 15% duties on $ 300bn of Chinese imports by the end of the year.
In response, Beijing introduced tariffs on US crude oil, the first time fuel has been targeted.
If fully imposed, Mr Trump's programme would mean that nearly all Chinese imports - worth about $ 550bn - would be subject to punitive tariffs.
What was initially a dispute over China's allegedly unfair trade practices is increasingly seen as a geopolitical power struggle.
So far, Washington has imposed tariffs on some $ 250bn of Chinese goods to pressure Beijing into changing its policies on intellectual property, industrial subsidies, market access, and the forced transfers of technology to Chinese firms.
Beijing has consistently denied that it engages in unfair trade practices, and has retaliated with tariffs on $ 110bn of US products.(ANA)
FA/ANA/1 September 2019------
 

North South News website

Advertise banner

News icon Africa/Tech Ecosystem
News icon US/Electronic Warfare
News icon Israel/Gaza Destruction
News icon Orcas/Sink Yacht
News icon US/China
News icon France/Prisoner's Escape
News icon Gaza/Desperate People
News icon US/Israeli Settlers
News icon Israel/Hamas/Talks
News icon MERA25/Nakba Day

AFRICAN PRESS AGENCY Copyright © 2005 - 2007