BEIJING: China and the United States will begin imposing additional tariffs on each other's goods on Sunday, the latest escalation in a bruising trade war despite signs talks would resume sometime this month.
As part of its retaliation, Beijing will begin imposing a 5per cent tariff on U.S. crude oil from Sept. 1, the first time U.S. oil has been targeted since the world's two largest economies started their trade war more than a year ago. Tariffs of 15per cent on cellphones, laptop computers, toys and clothing are to take effect on Dec. 15. 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.
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