US-China trade: continuing the talks while making the war

Amundi
By May 15, 2019 15:02

US-China trade: continuing the talks while making the war

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After the US raised its tariffs on $200bn of Chinese products from 10% to 25%, China announced retaliation measures on $60bn of US goods to take effect on 1st of June. More specifically, the new tariffs will be on products that were tariffed at rates of 5% and 10% since last September and that now will be at 5% (on 595 items), 10% (on 974 items), 20% (on 1,078 items) and 25% (on 2,493 items). Eventually, U.S. added more pressures with its plan to begin the process of raising tariffs on all remaining imports from China (approximately $300 billion), whose details were announced Monday. According to reports, the U.S. told China to seal the deal in one month before facing tariffs on all its exports. 

Amundi
By May 15, 2019 15:02

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