china US import

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

Voltan joins Hon Hai’s ( Foxconn) MIH EV platform consortium

DigiTimes Foxconn unveils software/hardware open EV development platform

Businesswoman Phan Thi Binh: Proudly receiving the award of Top 100 International Outstanding Vietnamese Women Leaders 2022

Businesswoman Phan Thi Binh – Member of WLIN Pioneer EU+ in Germany…

Sunny Dan Ngoc: The Next Generation – An ideal environment to exchange and learn from peers

The 10-year journey with the piano of Singer – Musician Sunny Dan…

Passive investor and family office manager, Vicky Ramancha, takes active role as the head of medical equipment trading at RNR Group

RNR Group consists of general trading and business management service provider companies.…