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U.S., China Impose New Tariffs on Each Other as Talks Resume

  • Fresh duties on $16 billion of each other’s goods take effect
  • Lower-level Chinese delegation meeting officials in Washington
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Johanna Chua, chief economist for Asia Pacific at Citigroup, discusses the trade spat between the U.S. and China.(Source: Bloomberg)
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The U.S. and China imposed fresh tariffs on each other’s goods in the middle of trade talks aimed at averting the worsening conflict between the world’s two biggest economies.

Both nations started levying the previously announced taxes on $16 billion of imports from the other country shortly after noon Beijing time. China also said it would lodge a complaint about the new American tariffs to the World Trade Organization, according to a Chinese Ministry of Commerce statement on its website.