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US, China to meet for talks on Tariff war a Look at where things Currently Stand
Punjab Times (English Edition)
|May 10, 2025
US and Chinese officials meet this weekend in Geneva for their first formal talks aimed at resolving a gruelling tit-for-tat tariff war that threatens hundreds of billions in trade and roiled global markets and supply chains. AFP looks at how the trade row between the world’s two economic superpowers is playing out
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The United States has raised tariffs on Chinese imports to 145 percent, with cumulative duties on some goods reaching a staggering 245 percent. As well as the blanket levies, China has also been hit with sector specific tariffs on steel, aluminium and car imports. Sales of Chinese goods to the United States last year totalled more than $500 billion - 16.4 percent of the country's exports, according to Beijing's customs data.
Beijing has vowed to fight the measures “to the end" and has unveiled reciprocal tariffs of up to 125 percent on imports of American goods, which totalled $143.5 billion last year, according to Washington. China has filed complaints with the World Trade Organization (WTO), citing "bullying" tactics by the Trump administration. And it has gone after
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Punjab Times (English Edition)
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Punjab Times (English Edition)
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3 mins
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Punjab Times (English Edition)
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Punjab Times (English Edition)
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1 min
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Punjab Times (English Edition)
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Punjab Times (English Edition)
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Punjab Times (English Edition)
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Punjab Times (English Edition)
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