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New US, China Tariffs Take Effect on Each Other's Exports

Ken Bredemeier

   WASHINGTON - The U.S. and China imposed new tariffs on each other's
   exported goods on Sunday, the latest skirmish in the lengthy and
   contentious trade war between the world's two biggest economies.

   U.S. President Donald Trump levied 15% taxes on about $112 billion
   worth of Chinese exported products headed to the United States, with
   the tariffs likely resulting in higher prices paid by U.S. shoppers on
   some foods, sports equipment, sportswear, musical instruments and
   furniture.

   Meanwhile, Beijing started adding 5% and 10% tariffs on some of the $75
   billion worth of U.S. exports being sent to China that it has said it
   will tax in the tit-for-tat tariff war with Washington. Initially,
   China said the American export of frozen sweet corn, pork liver, marble
   and bicycle tires were among the more the 1,700 products it would tax.

   Trump on Friday ruled out any delay in the new tariffs on the imported
   Chinese goods, saying, "They're on."

   As they took effect Sunday, Trump declared, "We can't allow China to
   rip us off anymore."

   China's official Xinhua news agency said, "The United States should
   learn how to behave like a responsible global power and stop acting as
   a 'school bully.' As the world's only superpower, it needs to shoulder
   its due responsibility, and join other countries in making this world a
   better and more prosperous place. Only then can America become great
   again."

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