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Economy

New US, China tariffs set to take effect, no compromise in sight

Updated : September 24, 2018 07:55 AM IST

US tariffs on $200 billion worth of Chinese goods and retaliatory tariffs by Beijing on $60 billion worth of US products are scheduled take effect at 0401 GMT.
The two countries already exchanged tit-for-tat tariffs on $50 billion worth of each other’s goods earlier this year.
China summoned the US ambassador in Beijing and postponed joint military talks in protest against a US decision to sanction a Chinese military agency and its director for buying Russian fighter jets and a surface-to-air missile system. 
New US, China tariffs set to take effect, no compromise in sight
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