Home / China / US reportedly formulation tariffs on remaining $257 billion in Chinese products if Trump-Xi talks fail

US reportedly formulation tariffs on remaining $257 billion in Chinese products if Trump-Xi talks fail

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China's President Xi Jinping (L) and US President Donald Trump attend a acquire rite during a Great Hall of a People in Beijing on Nov 9, 2017. 



Headline risk on tariffs is mostly behind us in all cases, though China, says experts


The White House levied tariffs of 10 percent on $200 billion of Chinese products in September, with a rate set to boost to 25 percent by a finish of a year exclusive a breakthrough in a trade talks. In response, Beijing pronounced it would levy taxes on 5,207 U.S. imports value about $60 billion.

The dual nations had already imposed tariffs on $50 billion of any other’s products before a Sep sanctions. While China is targeting U.S. products including coal, grease, Vaseline, pavement and cosmetic products, a U.S. is fatiguing equipment such as appliances and furniture.

Click here for the full Bloomberg article.

CNBC’s
Kevin Breuninger
contributed reporting.

Tom Franck

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Article source: https://www.cnbc.com/2018/10/29/us-plans-new-257-billion-china-tariff-wave-if-trump-xi-trade-talks-fail.html

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