After the Trump administration announced tariffs on $200 billion in Chinese goods, China responded by raising levies on $60 billion of U.S. products. CBS News' Tina Kraus reports.
Speaking of China's countermeasure in response to a previous U.S. move to slap tariffs on China's steel and aluminum imports, Wang said the U.S. action was not a consideration of national security, but was discriminatory as the proposals only targeted a small number of countries. "The U....
In response, China unveiled a list of products worth 50 billion U.S. dollars imported from the United States that will be subject to additional tariffs, including soy beans, automobiles and chemical products. By deciding to impose additional tariffs of 25 percent on 106 U.S. products, China ...
China’s Commerce Ministry responded to the European Commission’s updated tariffs on electric vehicle (EV) imports from China. A spokesperson from the Ministry of Commerce addressed the Commission’s reduced tariffs on China-made EV imports to Europe. The Commission recently published a draft plan ...
TMTPOST -- China responds the European Union’s latest tariffs on Chinese electric vehicles (EVs) with a compliant at the World Trade Organization (WTO). Credit:Xinhua News Agency In order to safeguard the development of the EV industry and global green transformation cooperation,China has filed...
China Responds to the Tariffs News In response, Liu Pengyu, spokesperson for China’s embassy in the U.S., stated on X that no party wins in a trade or tariff war. He described the economic and trade cooperation between the U.S. and China as historically “mutually beneficial.” ...
TMTPOST -- China responds the European Union’s latest tariffs on Chinese electric vehicles (EVs) with a compliant at the World Trade Organization (WTO). Credit:Xinhua News Agency In order to safeguard the development of the EV industry and global green transformation cooperation,China has filed...
In one of any number of scenarios, let’s assume that China responds to increased US tariffs with increased tariffs on imports of US PE, as it did in 2017. Then the US loss could be to the gain of South Korea, Iran, etc. But, as we ...
TMTPOST -- China responds the European Union’s latest tariffs on Chinese electric vehicles (EVs) with a compliant at the World Trade Organization (WTO). Credit:Xinhua News Agency In order to safeguard the development of the EV industry and global green transformation cooperation,China has filed...
Here, we present a timeline of the major events in the trade conflict, what led up to it, and how the two countries are attempting to deescalate the situation. US-China trade war Total US tariffs applied exclusively to Chinese goods: US$550 billion Total Chinese tariffs applied exclusively ...