Time in Yerevan: 11:07:36,   18 October

U.S., China impose fresh tariffs on each other


YEREVAN, SEPTEMBER 24, ARMENPRESS. The United States and China imposed fresh tariffs on each other’s goods on Monday, Reuters reports.

U.S. tariffs on $200 billion worth of Chinese goods and retaliatory tariffs by Beijing on $60 billion worth of U.S. products took effect as of 0401 GMT.

The two countries have already slapped tariffs on $50 billion worth of each other’s goods earlier this year.

Chinese products hit with new U.S. duties include vacuum cleaners to internet-connected devices, while U.S. goods targeted by Beijing include liquefied natural gas and certain types of aircraft, Reuters reported.


Economists warn that a protracted dispute will eventually stunt growth not just in the U.S. and China but across the broader global economy.

U.S. President Donald Trump on Saturday reiterated a threat to impose further tariffs on Chinese goods should Beijing retaliate.

 

Edited and translated by Stepan Kocharyan

 




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