US, China kick off new round of tariffs in trade war


China and the US have begun imposing additional tariffs on each other’s goods in the latest escalation of their 14-month trade war.

Beijing has levied 5 per cent on US crude, the first ever on fuel since the beginning of their trade war, while the Trump administration will begin collecting 15 per cent tariffs on more than $125 billion in Chinese imports.

In retaliation, China has imposed additional tariffs on some of the US goods on a $75-billion target list.

The extra tariffs of 5 per cent and 10 per cent were levied on 1,717 items of a total of 5,078 products originating from America.

This comes as the two sides struggled to reach agreement on a possible resumption of negotiations.

More from Business

Coming Up on Dubai Eye

  • The Agenda with Tom Urquhart

    10:00am - 1:00pm

    Your chance to have your say and debate the issues you love or loathe. It’s the chance to set The Agenda on the big topics of the day.

  • The Music Mix

    1:00pm - 2:00pm

    Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need

On Dubai Eye