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…
Tag: US China Tariffs
As China Slaps US With Retaliatory Tariffs, The Trade War Begins
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…