Tag: tariffs

BUSINESS

China Set To Cut Tariffs On Some U.S. Goods

China has announced that it will halve additional tariffs levied against 1,717 U.S. goods last year, following the signing of a Phase 1 deal that brought a truce to a bruising trade war between the world’s two largest economies. China’s finance ministry said in a statement that on February 14 additional tariffs levied on some goods will be cut to […]

NEWS

China Wrestles Trump To The Flip

After belligerent outbursts against China time and again, the U.S. President Donald Trump has decided to take his time in withdrawing his hand from the dragon’s mouth. Consequently, the President has made a new move by delaying a planned tariff hike on $250 billion worth of Chinese goods.  The action by the Trump administration is dubbed as a “gesture of […]

BUSINESS

Trump’s Patience Wears Thin On China

Dubbing himself the “tariff man,” the U.S. President Donald Trump has announced fresh tariffs of 10 percent on another $300 billion of Chinese products from September 1. “Trade talks are continuing, and during the talks the U.S. will start, on September 1, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming […]

NEWS

Trump Turns Up Tariff Heat On China

President Trump has lamented the fact that past administrations have allowed China to exploit the U.S. in unfair trade deal over the years. Consequently, his administration plans to impose an estimated $50 billion in tariffs on Chinese goods. Additionally, he plans to limit China’s investment activity in the U.S. in retaliation purportedly for years of intellectual property theft. The White […]

NEWS

China Seeks Economic Growth By Cutting Import Tariffs

In an effort to drive economic growth, China has announced its cutting of import tariffs on a wide range of consumer goods including cashmere clothing, whiskey, avocados, mineral water, baby carriages, among many others. China has recently come under pressure from many countries including the United States and the United Kingdom for easier access to its domestic market. The cut […]