China Announces Tariff Hike on $75 billion of US Products

China also will increase import duties on U.S.-made autos and auto parts.

  • Published 23 August 2019

BEIJING (AP) — China announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump's latest planned increase, deepening a conflict over trade and technology that threatens to tip a weakening global economy into recession. China also will increase import duties on U.S.-made autos and auto parts, the Finance Ministry announced. The announcement comes as leaders of the Group of 7 major economies prepare to meet in France this weekend. Tariffs… Read at AP News