More Tariffs on China; No Deal in Sight
By Jenny Leonard and Mark Niquette
August 31, 2019, 11:45 PM EDT
Updated on September 1, 2019, 1:37 AM EDT
The Trump administration slapped tariffs on roughly $110 billion in Chinese imports on Sunday, marking the latest escalation in a trade war that’s inflicting damage across the world economy. China retaliated.
The 15% U.S. duty hit consumer goods ranging from footwear and apparel to home textiles and certain technology products like the Apple Watch. A separate batch of about $160 billion in Chinese goods -- including laptops and cellphones -- will be hit with 15% tariffs on Dec. 15. President Donald Trump delayed part of the levies to blunt the impact on holiday shopping.
While the Trump administration has dismissed concern about a protracted trade war, business groups are calling for a tariff truce and the resumption of negotiations between the world’s two-largest economies ...
https://www.bloomberg.com/news/articles/2019-09-01/u-s-tariffs-against-china-due-to-take-effect-sunday
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