The United States has reportedly agreed to lift tariffs on industrial metals from Canada and Mexico, removing a roadblock of congressional approval of President Donald Trump’s new North American trade deal.
China has vowed to take “necessary countermeasures" after US President Donald Trump escalated his trade war with Beijing; just hours after delegations from the two sides wrapped up a first day of trade negotiations in Washington.
China accused the United States on Monday of using false accusations on trade to “intimidate” other countries, as the tariff battle between the global giants intensifies.
US President Donald Trump has reportedly instructed aides to proceed with tariffs on around $200 billion of Chinese goods, in spite of Treasury Secretary Steven Mnuchin’s attempts to resume trade talks with China.
US President Donald Trump said on Friday that he has tariffs ready to go on a further $267 billion worth of Chinese imports, as the world awaits his decision on imposing levies on $200 billion worth of the Asian nation’s goods.