Written by Nathasha De Alwis
02 Apr, 2018 | 5:28 pm
China has imposed tariffs of up to 25% on 128 US imports, including pork and wine after US President Donald Trump raised duties on foreign steel and aluminum imports in March.
The tariffs affecting some $3bn (£2.1bn) of imports kick in today (April 2).
Beijing said the move was to “safeguard China’s interests and balance” losses caused by new US tariffs.
China had previously said it did not want a trade war but would stay idle if its economy was hurt.
Trump, however, has insisted that “trade wars are good”, and that it should be “easy” for the US to win one.
30 Oct, 2018 | 03:51 PM
22 Oct, 2018 | 04:00 PM
Are you interested in advertising on our website or video channel
Please contact us at [email protected]