China imposed new tariffs on 128 US-made products including pork and fruit three weeks after US slapped duties on steel and aluminium escalating a trade war between the world’s largest economies. The trade war began last year when US President Donald Trump ordered a probe into suspected anti-competitive trade practices and intellectual property theft by China. After the completion of the probe, Trump announced plans for an additional $60 billion in punitive tariffs on Chinese products. It is feared that Trump may impose new tariffs after China’s latest action. Beijing says US duties on steel and aluminium are a violation of World Trade Organization (WTO) guidelines as they target only a few countries and hence discriminatory. China wants the Trump administration to withdraw the tariffs to avoid further tit-for-tat measures.
- Defunct Chinese space lab breaks up over South Pacific
- Anti-apartheid activist Winnie Mandela dies at 81