Tariff news
Follow RT for the latest news on the economy, including information about tariffs – a term used to describe tax on exports or imports between sovereign states. Tariffs are usually used to restrict imports and increase the price of foreign goods, services to make them less attractive to buyers. There has been much talk about the US-China trade war and Beijing’s call on Chinese enterprises to substitute American imports with those from other countries in response to US trade tariffs. Follow RT for the latest news on relations between China and the US, and information on the trade war and tariffs levied by the countries involved.
- China to impose new tariffs on US goods worth $60 billion effective September 24
The Chinese Ministry of Commerce announced on Tuesday that the country will retaliate against Trump’s new tariffs with its own 5-10 percent levies on $60 billion of US goods. The tariffs will be kick in on September 24.Business News - Trump’s tariffs may kill farming in South Africa sooner than land confiscation
Last week, US President Donald Trump expressed deep concerns over alleged land seizures and “large-scale killing of farmers” in South Africa, and even ordered the secretary of state to closely study the issue.Business News - Trump gives US farmers $6bn in emergency relief to help weather trade war
The US Department of Agriculture (USDA) has announced the first wave of financial assistance for the country’s farmers affected by the escalating trade war.Business News - China says it ‘resolutely opposes’ US trade war as new round of reciprocal tariffs takes effect
China’s commerce ministry has said that it firmly opposes and reserves its right to retaliate to the latest batch of US tariffs that went into effect on Thursday and targeted another $16bn worth of imports from the Asian country.Business News - Trump vows to slap every European car with 25% tariff, but gives no time frame
European cars coming to the United States will be levied with additional taxes, according to US President Donald Trump.Business News - China ditching US coal imports for domestic supply in trade tariff tit-for-tat
Washington trade tariffs against Beijing appear to be backfiring on the US coal industry, as Chinese importers are finding new domestic alternatives to soften the blow.Business News
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