June 24, 2024
NewsThe United States Increased Tariffs on China, Beijing Vows Response

The United States Increased Tariffs on China, Beijing Vows Response

China and the United States failed to reach an agreement before the deadline on Friday morning; as a result, the United States is increasing tariffs on Chinese exports.

The US tariffs targeted roughly $200 billion of Chinese exports and increased from ten percent to twenty-five percent at 1201 ET Friday morning. Since the initial installation of taxes global growth has slowed and will continue to slow as a result of the increase.

China expressed "deep regret over the development" and sta...

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