US set to hit China with new tariffs

Washington: The US on Sunday is expected to hit billions of dollars worth of Chinese products with 15 per cent duties, in the first of two rounds of new tariffs, a move that will further escalate the ongoing trade war between the two economic giants.

So far, Washington has imposed tariffs on some $250 billon of Chinese goods, while Beijing has retaliated with tariffs on $110 billion of US products, reports the BBC. The first round of tariffs due to be introduced on Sunday will target imports worth about $150 billion. (IANS)

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