Business Standard

Trade war: China, US to collect additional tariffs on each other's goods

The Trump administration will begin collecting 15% tariffs on more than $125 billion in Chinese imports; Beijing to impose 5% tariff on US crude oil

us china trade war
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Reuters
China and the United States will begin imposing additional tariffs on each other's goods on Sunday, the latest escalation in a bruising trade war despite signs talks would resume sometime this month.
 
A new round of US tariffs on some Chinese goods and Chinese tariffs on US goods is scheduled to take effect from 0401 GMT on Sunday.
 
The Trump administration will begin collecting 15% tariffs on more than $125 billion in Chinese imports, including smart speakers, Bluetooth headphones and many types of footwear.
 
As part of its retaliation, Beijing will begin imposing a 5% tariff on US crude oil

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