US Tariff Hikes on Chinese Goods Kick In, Beijing Vows Retaliation
Posted on AllSides May 10th, 2019
From The Right
President Donald Trump's latest tariff hike on Chinese goods took effect Friday and Beijing said it would retaliate, escalating a battle over China's technology ambitions and other trade tensions.
The Trump administration raised duties on $200 billion of Chinese imports to 25% from 10%. China's Commerce Ministry said it would impose "necessary countermeasures" but gave no details.
The increase went ahead even after American and Chinese negotiators began more talks in Washington aimed at ending a dispute that has disrupted billions of dollars in trade and shaken global financial markets....
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