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Tariff deadline nears as China scraps trade talks with US

US-China trade war

Tariff deadline nears as China scraps trade talks with US

Bloomberg Published on Mon, Sep 24, 2018 / 7:41 AM GMT+8

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(Sept 23): The US and China are hours away from a new round of tariffs on each other’s goods, with no improvement in relations between the two rivals in sight.

In a significant escalation, US$200 billion ($2.73 billion) of Chinese products will be subject to tariffs from 12am. Washington time on Monday, on top of the US$50 billion in goods already slapped with tariffs actions in the year.

The combined US$250 billion in products facing levies is almost half the value of imports from China last year. Meanwhile, US$110 billion of goods from the US will become subject to Chinese tariffs around the same time, or about 70% of the value of goods it bought from America in 2017.

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Tariff deadline nears as China scraps trade talks with US

US-China trade war

Tariff deadline nears as China scraps trade talks with US

Primary tabs

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Tariff deadline nears as China scraps trade talks with US

US-China trade war

Tariff deadline nears as China scraps trade talks with US

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