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BREAKING: China to retaliate with new tariffs on another $75 billion worth of US goods


tacobell fan

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China said Friday that it will impose new tariffs on $75 billion worth of U.S. goods and resume duties on American autos.

Chinese State Council said it decided to slap tariffs ranging from 5% to 10% on $75 billion U.S. goods, in two batches effective on Sep. 1 and Dec. 15.

 

It also said a 25% tariff will be imposed on U.S. cars and a 5% on auto parts and components, which will go into effect on Dec.15. China had paused these tariffs in April.

The retaliatory tariffs came after President Donald Trump earlier this month surprisingly ended the cease-fire by threatening to impose 10% tariffs on another $300 billion of Chinese goods. Some of those tariffs have been delayed to December to avoid any impact on holiday shopping season and some items were outright removed from the list.

“In response to the measures by the US, China was forced to take countermeasures,” the Council said in a statement on Friday.

“The Chinese side hopes that the US will continue to follow the consensus of the Osaka meeting, return to the correct track of consultation and resolve differences, and work hard with China to end the goal of ending economic and trade frictions,” it added.

The two sides are scheduled to hold trade talks early next month in the U.S. after their discussions in Shanghai in July.

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1 hour ago, tacobell fan said:

China said Friday that it will impose new tariffs on $75 billion worth of U.S. goods and resume duties on American autos.

Chinese State Council said it decided to slap tariffs ranging from 5% to 10% on $75 billion U.S. goods, in two batches effective on Sep. 1 and Dec. 15.

 

It also said a 25% tariff will be imposed on U.S. cars and a 5% on auto parts and components, which will go into effect on Dec.15. China had paused these tariffs in April.

The retaliatory tariffs came after President Donald Trump earlier this month surprisingly ended the cease-fire by threatening to impose 10% tariffs on another $300 billion of Chinese goods. Some of those tariffs have been delayed to December to avoid any impact on holiday shopping season and some items were outright removed from the list.

“In response to the measures by the US, China was forced to take countermeasures,” the Council said in a statement on Friday.

“The Chinese side hopes that the US will continue to follow the consensus of the Osaka meeting, return to the correct track of consultation and resolve differences, and work hard with China to end the goal of ending economic and trade frictions,” it added.

The two sides are scheduled to hold trade talks early next month in the U.S. after their discussions in Shanghai in July.

Ayitey get ready to go on roller coast ride around sep and dec. 

sell off before that

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5 minutes ago, AndhraneedSCS said:

oka rupayi peruguddi, 2 rupayalu pothayi .. 

 

 

Vati meda taxes increase cheste local ga manufacturing peragataniki nchanxe undi ga

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44 minutes ago, Hydrockers said:

Vati meda taxes increase cheste local ga manufacturing peragataniki nchanxe undi ga

manufacturing overnight avvadhu ga 1 or 2 yrs pattuddhi, china prices manam beat cheyalemu local ga manufacture chesinaa kuda 

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2 hours ago, tacobell fan said:

China said Friday that it will impose new tariffs on $75 billion worth of U.S. goods and resume duties on American autos.

Chinese State Council said it decided to slap tariffs ranging from 5% to 10% on $75 billion U.S. goods, in two batches effective on Sep. 1 and Dec. 15.

 

It also said a 25% tariff will be imposed on U.S. cars and a 5% on auto parts and components, which will go into effect on Dec.15. China had paused these tariffs in April.

The retaliatory tariffs came after President Donald Trump earlier this month surprisingly ended the cease-fire by threatening to impose 10% tariffs on another $300 billion of Chinese goods. Some of those tariffs have been delayed to December to avoid any impact on holiday shopping season and some items were outright removed from the list.

“In response to the measures by the US, China was forced to take countermeasures,” the Council said in a statement on Friday.

“The Chinese side hopes that the US will continue to follow the consensus of the Osaka meeting, return to the correct track of consultation and resolve differences, and work hard with China to end the goal of ending economic and trade frictions,” it added.

The two sides are scheduled to hold trade talks early next month in the U.S. after their discussions in Shanghai in July.

Look here - not there - is the strategy of FED.   China talks are going good is the line you need to look at - not these..

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