Monday, September 24, 2018

Chinese, U.S. tariffs take effect


The United States and China implemented a new round of tariffs on Monday after talks broke off on Saturday.

Washington has placed a 10 percent tax on $200 billion worth of Chinese goods. China retaliated with tariffs of five to 10 percent on $60 billion worth U.S. products, including some meat products.

U.S. President Donald Trump threatened to impose tariffs on an additional $267 billion worth of Chinese imports if Beijing retaliated. 

That would be a third round of U.S. tariffs on China, and, at a total of $517 billion, would cover all products that the U.S. imports from China.