Following US President Trump’s announcement on imposing new tariffs of 10% on the remaining 300 billion Dollars of goods and products coming from China in the early days of August, the new tariffs took effect on Sunday, September 1st.
As the new tariffs were imposed on the 1st of September, China followed, imposing a 5% tariff on US crude for the first time.
According to Trump’s tweets, the US aims to be less reliant on Chinese goods, therefore imposing a 15% tariff on over $125 billion of Chinese goods including clothes, footwear, smart watches and flat-panel televisions. Also, DW adds that given that those duties take effect, virtually all goods imported from China will be covered.
In the meantime, the additional tariffs of 5% and 10% were levied on 1,717 items of a total of 5,078 products from the United States. Yet, Beijing will start collecting additional tariffs on the rest from 15 December.