Chinese Imports and Tariffs

rush: Trump asserted on Twitter that there was no need to rush to get a deal between the world's two biggest economies and later added that the tariffs may or may not be removed depending on what happens with respect to future negotiations, according to Nine News Australia. American buyers will pay 200 billion more in taxes under Donald Trump's new tariffs on Chinese imports. To improve your experience update it here News WorldUS-China talks stop, US raises tariffs By AAP8 24pm May 11, talks between the US and China have broken up with no agreement, hours after President Donald Trump more than doubled tariffs on US200 billion A286 billion in Chinese imports. AAP A White House official, speaking on condition of anonymity because they were not authorised to speak publicly on the matter, confirmed that the talks had concluded for the day but could not say when they would resume. China's Commerce Ministry vowed to impose necessary countermeasures but gave no details. Hours earlier, the Trump administration hiked tariffs on 200 billion worth of Chinese imports to 25% from 10%, escalating tensions between Beijing and Washington. (news.financializer.com). As reported in the news.