China, US kick off new round of tariffs in trade war

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China and the United States began imposing additional tariffs on each other's goods on Sunday, the latest escalation in a bruising trade war, but U.S.

Trump, writing on Twitter, said his goal was to reduce U.S. reliance on China and again urged American companies to find alternate suppliers outside China.A new round of tariffs took effect from 0401 GMT, with Beijing's levy of 5per cent on U.S. crude marking the first time the fuel has been targeted since the world's two largest economies started their trade war more than a year ago.

The extra tariffs of 5per cent and 10per cent were levied on 1,717 items of a total of 5,078 products originating from the United States. Beijing will start collecting additional tariffs on the rest from Dec. 15.Trump on Sunday cited comments from U.S. economist Peter Morici, who claims the tariffs will not impact U.S. consumers that much given a drop in the Chinese currency, and called on U.S. companies to find suppliers outside of China.

"We are talking to China, the meeting is still on, as you know, in September," he said."We'll see what happens, but we can't allow China to rip us off anymore as a country.""The United States should learn how to behave like a responsible global power and stop acting as a 'school bully,'" the official Xinhua news agency said.

"China's booming economy has made China a fertile ground for investment that foreign companies cannot ignore," it said, in a commentary under the name 'Zhong Sheng', or 'Voice of China', which is often used to state its view on foreign policy issues. The U.S. Trade Representative's Office said on Thursday it would collect public comments through Sept. 20 on a planned tariff increase to 30per cent on a US$250-billion list of goods already hit with a 25per cent tariff.

China has consistently denied Washington's accusations that it engages in unfair trade practices, vowing to fight back in kind and criticizing U.S. measures as protectionist.

 

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