Hopes for an early settlement of the yearlong U.S.-China trade war dimmed this w...
- Hopes for an early settlement of the yearlong U.S.-China trade war dimmed this week after the United States accused China of manipulating its currency, and U.S. President Donald Trump said he would not make a deal with Beijing for now.
Over the past year, Washington has imposed 25% tariffs on $250 billion worth of Chinese products, and Trump has announced new tariffs on the remaining $300 billion of Chinese imports to take effect on Sept. 1. That means virtually every Chinese import will have a tariff levied on it come September. The United States implements 10% tariffs on $200 billion of Chinese imports. The administration says the rate will increase to 25% on Jan. 1, 2019. China answers with duties of its own on $60 billion of U.S. goods.The United States and China agree on a 90-day halt to new tariffs. Trump agrees to put off the Jan. 1 scheduled increase on tariffs on $200 billion of Chinese goods until early March while talks between the two countries take place. China agrees to buy a “very substantial” amount of U.
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