China: Pressure Beijing and u.s

china: The ongoing feud has raised costs on goods for consumers and companies, according to The Japan Times. The U.S. and China have raised tariffs on tens of billions of dollars of each other's goods in their dispute over U.S. complaints about Chinese technology ambitions. The U.S. was set to impose higher tariffs on China on Friday, a day after representatives from both nations were scheduled to resume trade talks Thursday in Washington. ; The looming deadline followed President Donald Trump's threat on Sunday to raise tariffs on China in a bid to pressure Beijing to reach a long-sought resolution to the trade conflict between the world's two biggest economies. Washington has accused Beijing of reneging on its commitments and is preparing to raise import taxes on 200 billion of Chinese goods to 25% from 10%, and to impose tariffs on another 325 billion in imports, covering everything the country ships annually to the United States. That expectation helped boost the stock market's rally this year. The possibility that the trade dispute could escalate represents a marked shift from just a few weeks ago, when talks between the U.S. and China appeared to be on track for an agreement. (news.financializer.com). As reported in the news.