CONTACT US

For any general inquiries, please fill in the following contact form:

Our websites never use cookies or other technologies such as pixel tags and web beacons. We only retain personal information when the contact section of our websites is filled. To proceed and get in touch with us through this format please read our Terms & Conditions, updated to be in line with the provisions of the GDPR, and tick this box to consent in us retaining the above information for contacting purposes only.

SUBMIT

China hits back with tariffs on US imports worth $3bn

China hits back with tariffs on US imports worth $3bn

China has imposed tariffs of up to 25% on 128 US imports, including pork and wine, after US President Donald Trump raised duties on foreign steel and aluminium imports in March.

The tariffs affecting some $3bn (£2.1bn) of imports kick in on Monday.

Beijing said the move was to "safeguard China's interests and balance" losses caused by new US tariffs.

China had previously said it did not want a trade war but would not sit by if its economy was hurt.

Mr Trump, however, has insisted that "trade wars are good", and that it should be "easy" for the US to win one.

The American authorities have already announced plans for further targeted tariffs for tens of billions of dollars of Chinese imports, the BBC's Chris Buckler reports from Washington.

They say that is in response to unfair trading practices in China that affect US companies but it raises the possibility of yet more action being taken in what has become a tit-for-tat trade battle, our correspondent adds.

Source: www.bbc.com

MORE NEWS

Ed Sheeran paid more in tax last year than both Starbucks and Amazon

Ed Sheeran paid more in tax last year than both Starbucks and Amazon
He earned less than Starbucks and Amazon made in profits last year but Ed Sheeran paid more in tax than either company.Figures released this...

Europe’s biggest banks fined for money laundering

Europe’s biggest banks fined for money laundering
All five of the UK’s largest banks have been sanctioned for money laundering offences within the last decade.Almost all of Europe’s biggest ...

Ebay hit with £7m extra UK tax bill after a review by HMRC

Ebay hit with £7m extra UK tax bill after a review by HMRC
E-commerce auction site Ebay’s UK office paid out an additional £7m in owed corporate taxes last year, after the closure of a review by HM ...

Who's behind the blog

Who's behind the blog

SOCIAL MEDIA