U.S. tariffs on US$ 16 billion worth of Chinese imports takes effect on Aug.23rd
- 6 years ago
미국, 160억달러 中수입품에 25% 관세 부과 개시...중국 상무부 "미국 관세 부과에 단호히 반대
Here's the latest on the trade spat between the world's two biggest economies.
America's tariffs on 16-billion U.S. dollars' worth of Chinese imports took effect on Thursday.
Beijing responded with its own duties, the same amount.
For details let's turn to our Ko Roon-hee.
Starting Thursday, the United States is charging 25-percent tariffs on another 16-billion dollars' worth of Chinese imports.
Among the 279 items that'll be affected are key products like semiconductors, chemicals and plastics.
Combined with the tarrifs imposed last month, the U.S. now has duties on China worth 50 billion dollars.
The two sides seem far from a resolution... because China retaliated with tariffs of its own on Thursday, also worth 16 billion dollars.
China's tariffs will apply to 333 products,… including coal, fuel, steel and automobiles.
The Commerce Ministry in Beijing released a statement saying Washington was being obstinate by charging the new tariffs… and that China will continue to take necessary countermeasures.
The ministry also said it will file a complaint against the U.S. with the World Trade Organization,… in its words, to protect free trade and multilateral systems.
In the long term, China expressed its willingness to work things out.
Its foreign ministry said it hopes for good results in the future.
"We hope that the U.S. side can meet China halfway, with a rational and pragmatic attitude, and work with China conscientiously toward a good result."
This escalation in the trade war comes despite a high-level delegation from China visiting Washington for trade talks on Wednesday.
Although many expressed hope that the meeting would relieve the rising tensions,... U.S. President Donald Trump had told Reuters on Monday that he didn't expect much.
Ko Roon-hee, Arirang News.
Here's the latest on the trade spat between the world's two biggest economies.
America's tariffs on 16-billion U.S. dollars' worth of Chinese imports took effect on Thursday.
Beijing responded with its own duties, the same amount.
For details let's turn to our Ko Roon-hee.
Starting Thursday, the United States is charging 25-percent tariffs on another 16-billion dollars' worth of Chinese imports.
Among the 279 items that'll be affected are key products like semiconductors, chemicals and plastics.
Combined with the tarrifs imposed last month, the U.S. now has duties on China worth 50 billion dollars.
The two sides seem far from a resolution... because China retaliated with tariffs of its own on Thursday, also worth 16 billion dollars.
China's tariffs will apply to 333 products,… including coal, fuel, steel and automobiles.
The Commerce Ministry in Beijing released a statement saying Washington was being obstinate by charging the new tariffs… and that China will continue to take necessary countermeasures.
The ministry also said it will file a complaint against the U.S. with the World Trade Organization,… in its words, to protect free trade and multilateral systems.
In the long term, China expressed its willingness to work things out.
Its foreign ministry said it hopes for good results in the future.
"We hope that the U.S. side can meet China halfway, with a rational and pragmatic attitude, and work with China conscientiously toward a good result."
This escalation in the trade war comes despite a high-level delegation from China visiting Washington for trade talks on Wednesday.
Although many expressed hope that the meeting would relieve the rising tensions,... U.S. President Donald Trump had told Reuters on Monday that he didn't expect much.
Ko Roon-hee, Arirang News.