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China imposes retaliatory tariffs on $60bn in US goods

BEIJING: China Tuesday announced tariffs on US goods worth $60 billion in retaliation for President Donald Trump's decision to slap duties on $200 billion in Chinese products next week. Tariffs of between five and 10 percent will take effect on some 5,200 US products on Monday, on the same day as the new US duties, the finance ministry said. The two side already traded tariff salvos on $50 billion in goods from each country in the summer. "If the United States insists on raising tariffs even more, China will respond…

China to slap additional tariffs on $16 billion worth of U.S. goods

BEIJING: China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world’s largest economies escalated their trade dispute. The tariffs will be activated on Aug. 23, the ministry said, the same day that the United States plans to begin collecting 25 percent extra in tariffs on $16 billion in Chinese goods. The United States published its final list of goods subject to the new tariffs on…

India to impose delayed tariffs on some US goods in September

NEW DELHI: India said on Saturday that delayed higher tariffs against some goods imported from the United States will go into force on September 18. New Delhi, incensed by Washington’s refusal to exempt it from new tariffs, decided in June to raise import tax from August 4 on some U.S. products, including almonds, walnuts, and apples and later delayed the move. Officials from New Delhi and Washington, including U.S. Secretary of State Mike Pompeo and Defense Secretary Jim Mattis, are scheduled to hold a series of…

India likely to postpone raising tariffs on US goods

NEW DELHI: India plans to delay the imposition of retaliatory duties on US goods, the trade ministry said on Thursday, to allow time to resolve disputes that worsened after President Donald Trump imposed tariff hikes on steel and aluminium. In June, New Delhi, incensed by Washington’s refusal to exempt it from these new tariffs, announced it would raise import tax on some US products including almonds, walnuts and apples. An Indian commerce ministry spokesman said the government proposed to put the new tariffs, which…