The United States will begin collecting a 15% tariff on an estimated $125 billion of Chinese goods at 12:01 a.m. EDT (0401 GMT) on Sunday, including smartwatches, flat panel televisions and footwear. U.S. tariffs have been imposed on $250 billion of Chinese products so far since the trade war began in 2018.
BEIJING: Chinese and U.S. trade negotiating teams are maintaining effective communication, China's Foreign Ministry said on Friday, less than 48 hours before U.S. tariffs kick in on an additional US$125 billion in Chinese goods.
The tit-for-tat tariff war now involves hundreds of billions of dollars of each country's goods and threatens global economic growth. Uncertainty about when or how it could end has roiled markets and complicated corporations' long-term investment plans.
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