US President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods and China warned it would retaliate, in a rapid escalation of the trade conflict between the world's two biggest economies.
The Trump administration on Friday escalated a trade war between the world's two largest economies, moving ahead with tariffs on $50 billion of Chinese goods and provoking an immediate tit-for-tat response from Beijing.
US President Donald Trump has decided to impose tariffs on about $50 billion worth of Chinese imports, the latest move in his intensifying campaign to rewrite the rules of global trade and potentially spark a trade war.
Experts from the Caspian states will meet in Astana on June 18-19 to discuss the texts of agreements on transportation and trade prior to the upcoming summit of heads of Caspian states which is scheduled to be held in Aktau, Kazakhstan in August.
Growing nations like Malaysia need different trade protections and, while Kuala Lumpur is not against trade pacts such as the Trans Pacific Partnership, the TPP must be renegotiated, Malaysian Prime Minister Mahathir Mohamad said on Monday.
The Chinese Foreign Ministry spokeswoman Hua Chunying said Beijing has always objected to any imposition of unilateral sanctions against other nations based on domestic laws, stressing that China will continue trade ties with Iran.
China has warned the United States that any deals reached during Sino-US trade negotiations would be null and void if Washington still insisted with levying hefty duties on Chinese goods, days after the White House threatened that it would impose extra tariffs on $50 billion of Chinese imports.
US President Donald Trump told Canada and the European Union on Friday to do more to bring down their trade surpluses, a day after hitting the two US allies and Mexico with import tariffs on their steel and aluminum.
China on Wednesday lambasted "sudden flip-flops" in US policy after President Donald Trump said he was moving to finalize trade sanctions against it – even as a US delegation arrived in Beijing for talks.
Over 140,000 tons of non-oil goods, worth $74 million, were exported through the customs checkpoint in Iran's northwestern city of Astara during the two months from March 21-May 21, said the head of Astara Customs Administration.