The Trump administration’s latest round of tariffs on Chinese goods kicked in today (Aug. 23), drawing immediate retaliation from Beijing.
CNN reported that the new exchange of fire in the trade war between the two economic superpowers comes as officials from both countries hold talks in Washington over the dispute.
The United States imposed 25% tariffs on another $16 billion of Chinese goods just after midnight EDT — midday in Beijing. The tax affects 279 Chinese products, including chemical products, motorcycles, speedometers and antennas.
China responded immediately with 25% tariffs on an equal amount of American goods, such as chemical products and diesel fuel.
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