Trade war

US: Increased customs duties on imported Chinese strategic goods from 27 September

A 100% increase in tariffs for cine electric cars, a 25% increase for electric vehicle batteries and a 50% increase for age cells was announced by USgovernment, which from 27 September puts in place new tariffs on Chinese products of strategic sectors.

EU’s plan to impose tariff on Chinese EVs risks trade war

The European Union has warned it would slap additional tariffs of up to 38 percent on Chinese electric car imports from next month after an anti-subsidy probe, a move that risks provoking a bitter trade war.

Brussels angered Beijing by launching the investigation last year in a bid to defend European manufacturers in the face of a surge of cheaper Chinese imports.

Business Economists Say Trump Tariffs will Harm US

AFP - Business economists overwhelmingly worry President Donald Trump's trade wars will harm the US economy, according to a survey released Monday.

The Trump administration on Thursday is due to impose its latest round of punitive tariffs on China, putting 25 percent duties on another $16 billion in imports, with Beijing poised to retaliate dollar-for-dollar.