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| Economy |
| Trade war: US raises tariffs on $200bn of Chinese goods |
| 2019-05-10 |
| [BBC] The US has more than doubled tariffs on $200bn (£153.7bn) worth of Chinese products, in a sharp escalation of their damaging trade war. Tariffs on those Chinese goods have risen to 25% from 10%, and Beijing has vowed to retaliate. China said it "deeply regrets" the move and will have to take "necessary counter-measures." The move comes as high-level officials from both sides are attempting to salvage a trade deal in Washington. Only recently, the US and China appeared to be close to ending months of hostilities. "The US has raised the tariff on $200bn of Chinese exports to the United States from 10% to 25%," China's Commerce Ministry said on its website. "It is hoped that the US and the Chinese side will work together ... to resolve existing problems through cooperation and consultation." Chinese stock markets were little changed after the deadline passed, with the Hang Seng index trading up 0.6% and the Shanghai Composite 1.5% higher. The market took a beating earlier this week after US President Donald Trump flagged the tariff hike on Sunday. |
| Posted by:Besoeker |
| #3 The Polilicktens who live on bribes, crying in their bird nest soup. |
| Posted by: Woodrow 2019-05-10 09:34 |
| #2 I love this guy! |
| Posted by: Beau 2019-05-10 01:43 |
| #1 This is not in the world of Chess. It is not even really in the world of games. Knock it off or sod off. |
| Posted by: Beau 2019-05-10 01:30 |