Thursday, 19 September, 2019, 6:36 PM
Home Back Page

China announces tariff hike on $75b of US products

Published : Saturday, 24 August, 2019 at 12:00 AM  Count : 672

China on Friday announced tariff hikes on $75 billion of US products in retaliation for President Donald Trump's planned increase, deepening a trade war that threatens to tip the global economy into recession.
The tariffs of 10% and 5% take effect on two batches of goods on Sept. 1 and Dec. 15, the official Xinhua News Agency said. It gave no details of what goods would be affected but the timing matches Trump's planned duty hikes.
The spiraling conflict over China's trade surplus and technology ambitions has fueled concern among companies and investors that it might drag down already weakening global economic growth.    -AP



« PreviousNext »



Latest News
Most Read News
Editor : Iqbal Sobhan Chowdhury
Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000. Phone :9586651-58. Online: 9513959, Advertisement: 9513663
E-mail: info@dailyobserverbd.com, online@dailyobserverbd.com, news@dailyobserverbd.com, advertisement@dailyobserverbd.com,   [ABOUT US]     [CONTACT US]   [AD RATE]   Developed & Maintenance by i2soft