Trump unleashes trade war with latest tariffs on China
[WASHINGTON] Punishing US tariffs on Chinese imports took effect at 12.01am Friday (0400 GMT), marking the start of President Donald Trump's trade war with China, despite the concerns of businesses and investors.
Beijing was expected to retaliate dollar-for-dollar with its own tariffs, after Mr Trump imposed 25 per cent duties on about US$34 billion in Chinese machinery, electronics and high-tech equipment, including autos, computer hard drives and LEDs.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Malaysia’s RHB Bank doubles green loans target to RM50 billion
Human cases of bird flu 'an enormous concern', says WHO
Copenhagen mayor to take lessons from Notre-Dame after Old Stock Exchange blaze
Reuters’ Mohammed Salem wins 2024 World Press Photo of the Year award
Europe’s Red Letta day to consider major reforms
Norway's wealth fund posts US$109 billion Q1 profit as tech stocks soar