On 13 May China's State Council announced increased tariffs on US$60 billion of US imports (some 5,140 products) which are already attracting retaliatory tariffs. The new tariffs will come into effect 1 June. This follows the decision by the US to raise tariffs on US$200bn of Chinese products. In setting a 1 June deadline for the introduction of the higher tariffs both sides have created a window for negotiations as there are nearly three weeks until the tariffs would apply to shipments leaving each country. Analysts in the ...
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