Archived

Chinese Tariffs On United States Goods To Take Effect From July 6

   Download Android App    Share in      FullScreen   CheckVideos

Chinese currency and stock markets have been jittery ahead of Friday's tariff implementation.Beijing: China's threatened tariffs on $34 billion of U.S.

goods will take effect from the beginning of the day on July 6, a person with knowledge of the plan told Reuters, amid worsening trade tensions between the world's two largest economies.Washington has said it would implement tariffs on $34 billion of Chinese imports on July 6, and Beijing has vowed to retaliate in kind on the same day.However, the 12-hour time difference puts Beijing ahead in terms of actually implementing the tariffs."Our measures are equal and being equal means that if the U.S.

starts on July 6, we start on July 6," the source told Reuters, who requested anonymity as they were not authorised to speak to media.

"The implementation time for all policies starts at midnight."China's customs agency did not answer a phone call seeking comment, and its commerce ministry did not reply to a fax requesting comment.U.S.

President Donald Trump has threatened to escalate the trade conflict with tariffs on as much as $400 billion in Chinese goods if Beijing retaliates against the U.S.

tariffs set to take effect on Friday.Chinese currency and stock markets have been jittery ahead of Friday's tariff implementation.© Thomson Reuters 2018(Except for the headline, this story has not been edited by TheIndianSubcontinent staff and is published from a syndicated feed.)




Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021

Buy Our Merchandise (Peace Series)

 

Contribute US to Start Broadcasting


It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm

STRIPE

Details
Category: Archived


22