New round of US-China trade tariffs worth $200 billion takes effect

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The United States and China levied additional tariffs on thousands of each other’s goods on Sunday, with Beijing targeting US crude oil for the first time since the trade war began.

The new round of tariffs took effect from 0401 UTC, according to the US Trade Representative’s office.

The US move imposes a 15% levy on more than $125 billion in Chinese imports including smart speakers, Bluetooth headphones, books, babies’ nappies and many types of footwear.

The US says it will introduce a further round of tariffs on Chinese cellphones, laptop computers, toys and clothing from December 15. If those duties take effect, virtually all goods imported from China will be covered.

China, meanwhile, has put additional tariffs on some of the $75 billion in US goods it listed last month for retaliatory measures, including a 5% on US crude oil.

From Sunday, 1,717 US exports will face the extra Chinese tariffs of 5% and 10%. A further 3,361 items will face similar measures from December 15.

 

Via DW/The Guardian/NYT

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