On Friday, 10 May, the United States formally implemented higher tariffs on USD 200 billion (EUR 178.6 billion) of Chinese goods – a move that had been announced by U.S. President Donald Trump on Sunday, 5 May.
On Monday, 13 May, China responded with its own announcement that it will raise tariffs on USD 60 billion (EUR 53.4 billion) of American goods from 10 percent to 20 or 25 percent.
The back-and-forth occurred after negotiations between the two countries appeared to have suffered a setback on 10 May after talks in Washington D.C. failed to produce any agreement on reducing the trade tensions…
Recent Comments