- DW News Published on May 11, 2019
The US says it is preparing to raise tariffs on all remaining Chinese imports, as the trade dispute between Washington and Beijing escalates further. Those tariffs will affect another 300 billion dollars worth of Chinese goods and is likely to have far-reaching consequences for the global economy. The two sides ended talks for the day, but are still negotiating, even though US President Donald Trump had already more than doubled tariffs on 200-billion dollars of Chinese imports. Beijing says it will take what it calls “necessary countermeasures,” but Mr. Trump says there’s no rush to strike a deal. China’s top trade negotiator still says he’s cautiously optimistic about reaching a trade deal with the US.