Trade war

Unacceptable to China- $200 billion tariff by US,result of trade war

China has strongly reacted to the proposal by the US to an additional tariff on $200 billion dollars of Chinese goods. It is not acceptable as it will draw similar action by China.

China has stated that US imposing tariff on Chinese goods would not only hurt Americans' along with the Chinese, it will also hurt the interest of people all over the world.

Fears of long drawn trade war bet ween China and US

The trade war between US and China seems to be heading into a prolonged trade giving no hints of any quick relief in the trade war. Both countries have inflicted higher tariffs on 34 billion worth of goods from each country.

"Friday"- dawn the implementation of new tariffs by the US on Chinese goods, China reciprocating with new tariffs on US goods triggering a lengthy trade war.

Further, US president Trump is eyeing on the fresh round of tariffs on 500 billion worth of Chinese goods, which could lead to further escalation of the trade war.

U.S- China Trade War was on “hold”.

The looming trade war between U.S.A and China has been put on hold. Markets rose after the US said it reached an agreement with China to ease trade imbalances between the world’s two largest economies.

The Treasury secretary, Steven Mnuchin, said on Sunday that “We’re putting the trade war on hold, right now, we have agreed to put the tariffs on hold while we try to execute the framework, We have made very meaningful progress and we agreed on a framework”.

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