US, China impose further tariffs, escalating trade war
Thursday, August 23, 2018 | Tag Cloud Tags: China, News, tariff, Trade, United States, War, Washington, Worthy News | Learn about out FREE SYNDICATION
(Worthy News) – The United States and China escalated their acrimonious trade war on Thursday (Aug 23), implementing punitive 25 percent tariffs on US$16 billion worth of the other’s goods.
The latest round brings to US$50 billion the value of imports subjected to tariffs on either side since early July, and more are in the pipeline, adding to risks for global economic growth.
Washington is holding hearings this week on a proposed list of an additional US$200 billion worth of Chinese imports to face duties. [ Source: Channel News Asia (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.