BREAKING: Trade War Begins as US Issues Tariffs Against China

By That's, July 6, 2018

0 0

Trade tensions between the United States and China further escalated today as the US issued a fresh round of tariffs that officially went into effect at 12.01pm, setting off what state-run newspaper China Daily referred to as "the largest trade war in history." 

US President Donald Trump confirmed that the tariffs would apply to USD34 billion in Chinese goods, and added that further rounds could result in duties on products worth up to USD500 billion (roughly equal to the total amount of imports from China to the US in 2017, according to Reuters).

China is expected to impose retaliatory tariffs in response. The tariffs would increase prices on American products (including soybeans) by 25 percent.

More updates on this developing story as we receive them.

more news

Guangzhou Airport Plans 30 New International Routes

The Guangzhou Airport Authority is aiming to hit 70 million passengers this year and reach 100 million passengers by 2025.

China's Making it Easier for International Students to Get Jobs

Soon it will be much easier for international students to get a job or internship in China.

Woman Dies by Suicide at Shanghai Pudong International Airport

A woman died after falling from one of the terminal buildings at Shanghai's Pudong International Airport.

Trump Preparing to Slap China with Another Round of Tariffs

US President Donald Trump plans to raise the stakes in the US-China trade war by readying another round of tariffs on goods from China worth USD200 billion.

'Make America Great Again' Hats Could Get Pricier Due to Trade War

The hats made famous by Donald Trump's 2016 election campaign could double in price thanks to the US-China trade war.

0 User Comments

In Case You Missed It…

We're on WeChat!

Scan our QR Code at right or follow us at thatsonline for events, guides, giveaways and much more!

7 Days in China With

Weekly updates to your email inbox every Wednesday


Download previous issues

Never miss an issue of That's Magazines!

Visit the archives

Get the App. Your essential China city companion.