Diabytes
US-China trade tariff News
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Xi, who is under pressure after Trump’s unprecedented 145 per cent tariffs against Chinese exports to the US which amounted to over USD 438 billion last year, spoke of focussing on joint modernisation of Asia along with China’s neighbours as part of its new policy to reduce trade dependence on the US and the EU.
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The world`s two largest economies have now slapped tit-for-tat tariffs on a combined $100 billion of products since early July.
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Washington is set to begin collecting 25 percent tariffs on another $16 billion in Chinese goods on August 23.
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