US hits China with higher tariffs, raising stakes in trade talks
The US has increased punitive tariffs on China on US$200 billion worth of goods from 10% to 25%. – EPA pic, May 10, 2019.
THE United States pulled the trigger today on a steep increase in tariffs on Chinese products and Beijing immediately vowed to hit back, turning up the heat before a second day of trade negotiations. President Donald Trump got a briefing from his trade negotiators after the first day of talks with the Chinese side yesterday, but made no move to hold off on the tariffs – dashing hopes there might be a last-minute reprieve as the negotiations continued.
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