Sunday, September 09, 2018
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Proposed levies would come on top of existing 25% tariffs on $50bn of Chinese exports
Beijing has laid the ground for another round of tit-for-tat tariffs in the US-China trade war as it declared its readiness to retaliate if Washington imposes a fresh set of duties on $200bn (£155bn) of Chinese goods, which could happen as soon as this week.
The proposed new tariffs from Washington – levied at 25% of the value of thousands of specific products – would come on top of existing 25% tariffs on $50bn of Chinese exports, most of which kicked in on 6 July. China was quick to strike back then, imposing tariffs on a similar amount of US goods.
Continue reading...from US news | The Guardian https://ift.tt/2Cp2Qev
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