U.S. Imposes New Tariffs on China, Delaying Immediate Retaliation

The United States has recently imposed new tariffs on a range of Chinese imports, a move that has sparked significant attention both domestically and internationally. According to reports from Bloomberg, China has chosen not to retaliate immediately against these new tariffs, opting instead to assess the situation further. This decision comes amidst heightened tensions between the two economic giants.

President Trump's administration announced the tariffs as part of a broader strategy to protect American industries, as detailed by CNN. The move has led to fluctuations in the stock markets, with investors reacting to the potential impact on global trade, as reported by The New York Times. The BBC highlighted that these tariffs cover sectors such as technology and manufacturing, which are critical to the Chinese economy.

The delay in China's response has provided a temporary reprieve, but experts warn that the situation remains volatile. Analysts are closely monitoring how this trade dispute will evolve, given its potential to affect global economic stability.

• China
• Donald Trump
• Tariffs
• United States

Related issues news

Does China impose tariffs on US goods?

So far, China has either imposed or proposed tariffs on $110 billion of U.S. goods, representing most of its imports of American products.

Does Ukraine have tariffs?

Ukraine imposes several duties and taxes on imported goods: customs/import tariffs, value-added tax (VAT), and excise duties.

When did US tariffs start?

The Tariff Act of 1789 imposed the first national source of revenue for the newly formed United States. The new U.S. Constitution ratified in 1789, allowed only the federal government to levy uniform tariffs.

When did Trump impose tariffs on China?

Chinese products. On March 22, 2018, Trump signed a memorandum under the Section 301 of the Trade Act of 1974, instructing the United States Trade Representative (USTR) to apply tariffs of $50 billion on Chinese goods.