A steep 84 percent tariff on all United States goods entering China has kicked in, ratcheting up a trade war with Washington while calling for a dialogue “on the basis of mutual respect and equality”.
The new rate – a 50 percent hike on Beijing’s previous 34 percent levy on US goods – took effect at 12:01am Eastern Time [04:00 GMT] on Thursday, according to China’s State Administration Council. It applies to all US products entering the world’s second-largest economy, which,…
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News Source: www.aljazeera.com
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