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The discussions failed to reduce tensions as the United States slapped tariffs on USD 34 billion worth of Chinese goods in early July, triggering an immediate dollar-for-dollar retaliation from Beijing. (Photo: File | Representational)

China to send negotiator to US for trade talks this month

The two countries plan to launch a new round of tit-for-tat tariffs on USD 16 billion worth of goods from each country...

16 Aug 2018 3:21 PM IST

The latest action completes the first round of USD 50 billion in products that President Donald Trump targeted after USD 34 billion in goods were hit with punitive duties on July 6. (Photo: File)

Trade war: USD 16 billion in Chinese goods now under US import tariff

Trump has pushed aggressive trade actions to lower the US trade deficit, which he equates with theft from Americans.

23 Aug 2018 12:36 PM IST