US imposes tariffs on USD 34 billion worth of Chinese goods

  • The United States of America tariffs on 34 billion worth US Dollar Chinese goods has come into effect on July 6, 2018.
  • It has opened the way for an outright trade war between the two economic giants.
  • The 25 per cent tariffs on Chinese machinery, electronics and high-tech equipment including autos, computer hard drives and LEDs mark a significant escalation in the trade dispute between China and US.

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