US and China officials meet as Thursday tariff deadline looms
Updated : August 23, 2018 09:28 AM IST
Business groups expressed hope that the two-day meeting would mark the start of serious negotiations over Chinese trade and economic policy changes demanded by President Donald Trump.
Trump has threatened to impose duties on virtually all of the over $500 billion of Chinese goods exported annually to the United States unless Beijing agrees to sweeping changes to its intellectual property practices, industrial subsidy programs and tariff structure.
US Customs and Border Protection on Wednesday confirmed on its website that at 12:01 a.m. EDT (0401 GMT) on Thursday it would begin collecting additional 25 percent duties on 279 Chinese import product categories valued at $16 billion and identified by USTR on Aug. 16.
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