The China-US trade war has warmed up. The two countries began to levy a new round of tariffs on some imported goods at the same time at 12 noon on September 1, Hong Kong time.

The Trump administration announced on August 15 that it would impose tariffs on goods of about US$300 billion imported from China to take counter-measures against China. From September 1st, Washington will impose a 15% tariff on goods worth $125 billion, including Bluetooth headsets and a variety of sports shoes. The rest, including mobile phones, notebook computers and toys, will be subject to a 15% tariff on December 15.

China announced on the 23rd that it will impose a tariff of 10% and 5% on 5078 tax items originating from the United States and about 75 billion US dollars. It will be implemented in two batches from September 1 and December 15. On September 1st, for the first time, a 5% tariff will be imposed on US crude oil products.

China-US trade negotiators are expected to conduct a new round of negotiations in September.

Sign Up for Our Newsletters

Get notified of important news and special executive deals.

You May Also Like

The 2nd edition of ADFO Summit is scheduled for tomorrow on 1st of March

Scheduled for March 1st, the Abu Dhabi Family Office Summit (ADFO Summit)…

Why Investing in Cryptocurrency Creates Bad Habits

When we talk about crypto you are quite negative. I like scientific…

Business Client Behavioural Tips

Boost Your Business’s Conversion Rates with this Are you interested in discovering…

Metapolis by Zilliqa can push Zilliqa’s price up to $1.56

Zilliqa is launching a metaverse called Metapolis in 2022 with early announcements…

Aobo He Chaofeng: The trade war affects the VIP room business. The second half of the year is similar to the first half of the year.

China-US trade frictions continue, and Mr. He Chaofeng, Chairman and Executive Director…

The launching of WLIN Live Brilliantly Club – a community of inspirational women leaders

Amy Duong, a Vietnamese Canadian – Founder & COO USHOME, Founder &…

KISIN was honored with the Best Brands of Women Leaders Choice award

Entrepreneur To Dinh Quan – Deputy General Director of Hung Dung Consumer…

WLIN Global Holdings accompanies the program “Mega Us Expo 2022 : Korea – Vietnam Trade Fair”

The program “Mega Us Expo 2022: Korea – Vietnam Trade Fair” will…