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US, China set to impose more tit-for-tat tariffs, escalating trade war

Updated : August 23, 2018 09:28 AM IST

The latest round brings to $50 billion the value of imports subjected to tariffs on either side since early July, and more are in the pipeline, adding to risks for global economic growth.
Washington will hold hearings this week on a proposed list of an additional $200 billion worth of Chinese imports to face duties.
China has said its own tariffs on a list of $16 billion worth of imports from the United States would be effective at 12:01 p.m. local time.
US, China set to impose more tit-for-tat tariffs, escalating trade war

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