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Jul 10, 2018

US Imposes Tariffs on Another $200B of Chinese Imports

The United States has decided to impose tariffs on $200 billion worth of imports from China after efforts to negotiate a solution to a trade dispute failed to reach an agreement, senior administration officials said Tuesday. U.S. Trade Representative Robert Lighthizer said the United States would impose tariffs of 10 percent on the additional Chinese imports. The move would be the latest in the escalating trade skirmish between the world's two biggest economies. They slapped tariffs on $34 billion worth of each other's goods last week. President Donald Trump has said the United States might ultimately impose tariffs on more than $500 billion worth of Chinese goods — roughly the total amount of U.S. imports from China last year. Administration officials said a two-month process would allow the public to comment on the proposed tariffs before the list is finalized.
by [email protected] (Reuters) via Economy - Voice of America

G-20 Ministers: Trade, Political Tensions Put Growth at Risk

"Heightened trade and geopolitical tensions" are putting global economic growth at risk, G-20 finance ministers said after two day...