US and China trade tariffs come into effect

US and China trade tariffs come into effect

U.S. tariffs on $34 billion in Chinese imports took effect as a deadline passed with Beijing having vowed to respond immediately in kind.

The Trump administration has warned it may ultimately target over $500 billion worth of Chinese goods, or roughly the total amount that the United States imported from China last year.

Beijing has said it would immediately respond with an equal amount of tariffs of its own against U.S. autos, agricultural and other products, but it did not say at midday on Friday if its countermoves had kicked in.

Published: by Radio NewsHub
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