Tariffs

    • Trump announces new tariffs on Chinese goods

      Trump announces new tariffs on Chinese goods

      US President Donald Trump announced, as earlier expected, that he would impose 10 percent tariffs on $200bn worth of Chinese imports next week, and that the surcharge will potentially jump to 25 percent by the end of 2018. Once the new round of tariffs takes effect on 24 September, punitive duties will be in place on roughly half of the products the US buys from China – its largest source of imported merchandise. 

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    • Trump set to impose new tariffs on China

      Trump set to impose new tariffs on China

      Talks between China and the US aimed at defusing trade tension between the two nations are at risk amid fresh threats from the White House of tariffs on $200bn of Chinese imports. According to several media reports Beijing is considering declining the offer of talks led by US Treasury Secretary Steven Mnuchin as it isn't prepared to negotiate with a "gun pointed to its head" and is also considering potential retaliation steps.

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    • New US tariffs on Chinese goods come into force

      New US tariffs on Chinese goods come into force

      The acrimonious trade war between China and the United States escalated as a new wave of US tariffs on $16bn worth of Chinese imports kicked in on Thursday, prompting Beijing to retaliate with its own levies on American goods worth the same amount. The punitive 25 percent duties are now implemented on 279 Chinese import product categories identified by US Trade Representative and include semiconductors, chemicals, plastics, motorbikes and electric scooters.

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    • Turkey starts legal process against US tariffs

      Turkey starts legal process against US tariffs

      Turkey has lodged a dispute complaint at the World Trade Organisation against US's tariffs on Turkish steel and aluminum imports in June and their doubling two months later, the WTO announced on Monday. The move was previously flagged by Turkish officials and comes amid an intensifying political spat between both countries, after President Donald Trump this month said he would double tariffs on aluminum and steel imported from Turkey, making them 20 percent and 50 percent respectively. 

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    • US, China preparing for new round of trade talks

      US, China preparing for new round of trade talks

      A Chinese delegation led by Vice Commerce Minister Wang Shouwen will travel to the United States for trade talks later this month to discuss "economic and trade issues" between both countries, China's Ministry of Commerce announced on Thursday. The ministry, however, stated point-blank that Beijing welcomes dialogue, but will not bow to any unilateral trade measures.

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    • Turkey doubles tariffs on US imports

      Turkey doubles tariffs on US imports

      Turkey on Wednesday intensified its diplomatic and trade dispute with the United States by slapping additional tax on imports of a broad range of American goods, just a day after it announced that would boycott US electronic products, including Apple Inc.’s iPhones.

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    • Trump considers higher tariffs on Chinese imports

      Trump considers higher tariffs on Chinese imports

      US President Donald Trump is considering 25% tariffs on $200bn worth of Chinese goods - more than double the 10% initially planned, his administration announced on Wednesday. “The increase in the possible rate of the additional duty is intended to provide the administration with additional options to encourage China to change its harmful policies and behaviour and adopt policies that will lead to fairer markets and prosperity for all of our citizens,” US Trade Representative Robert Lighthizer said in a statement.

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