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US, China raise tariffs in new round of trade dispute

The United States and China have imposed tariff increases on an additional $16 billion of each other's goods in a new escalation of their battle over Beijing's technology policy.

 

The 25 percent penalty duties took effect Thursday at one minute after midnight, Washington time, or noon in Beijing.

 

The Chinese government criticized the US increase as a violation of World Trade Organization rules and said it would file a legal challenge.

 

Envoys from the two sides held talks Wednesday in Washington but there was no word on any progress toward ending the dispute.

 


פרסום ראשון: 08.23.18, 07:58