By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Arabian NewsThe Arabian NewsThe Arabian News
  • Home
  • Business
  • Exclusive
  • Technology
  • Wellness
  • Real Estate
  • Contact
Reading: Fresh US Tariffs on China Are on the Cards to Strike 104%
Share
The Arabian NewsThe Arabian News
  • Politics
  • Pursuits
  • Business
  • Technology
  • Home
  • Business
  • Exclusive
  • Technology
  • Wellness
  • Real Estate
  • Contact
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
alt="Fresh US Tariffs on China Are on the Cards to Strike 104%"
The Arabian News > Economics > Fresh US Tariffs on China Are on the Cards to Strike 104%
Economics

Fresh US Tariffs on China Are on the Cards to Strike 104%

admin
SHARE

New tariffs by the US on Chinese imports are going to rise to an eye-watering 104% starting Wednesday, as stated by the White House. This is a big escalation of the existing trade war between the two largest world economies, as US President Donald Trump threatened to raise the US tariff on Chinese imports by an extra 50% if Beijing hits back.

The action is part of a larger effort to put pressure on China to resolve long-standing issues regarding trade imbalances, intellectual property theft, and unfair trade practices. Trump’s administration has indicated that this is a negotiation strategy, an attempt to get China to the negotiating table for better trade terms for the US.

While the American government hopes the new tariffs will bolster its strength, China’s reaction is unclear, with most experts forecasting that the retaliatory measures will damage both parties in the long term. The growing tension between the two countries is already impacting world supply chains, as businesses are looking for other markets to sidestep the extra expenses.

The tariffs occur as both nations are under intense economic pressure, and the rest of the world waits with bated breath to see how this trade war will be played out. As uncertainty surrounds everyone, both consumers and business operators are holding their breath, waiting for the effects on prices and global trade patterns.

 

You Might Also Like

Al Razouki Exchange Suspended by UAE Central Bank for AML Failures

Neymar Jr. Snaps Up $54 Million Bugatti Penthouse in Dubai’s Ultra-Luxury Residences

A foreign bank was fined Dh600K by the UAE Central Bank for a breach in market conduct

Dubai’s ‘3 Day Super Sale’ is back with incredible discounts of up to 90%

Emirati Photographer Wins $50,000 HIPA Special Award

TAGGED:Fresh US Tariffs on China
Share This Article
Facebook Twitter Email Print
Previous Article alt="Controversial Influencer Hit with $1M Tax Bill Over Lavish Marriage Tips" Controversial Influencer Hit with $1M Tax Bill Over Lavish Marriage Tips
Next Article alt="UK Teenagers Found Guilty of Killing 80-Year-Old Dog Walker in Horrific Attack" UK Teenagers Found Guilty of Killing 80-Year-Old Dog Walker in Horrific Attack

Popular News

alt="Dubai Metro Hours Are Extended by RTA for the 2025 Global Encounters Festival"
Dubai Metro Hours Are Extended by RTA for the 2025 Global Encounters Festival
Exclusive
alt="Pakistan Introduces Free Legal Aid Programme for Needy Citizens to Promote Justice for All"
Pakistan Introduces Free Legal Aid Programme for Needy Citizens to Promote Justice for All
World
alt="Mohit Suri Is Open: Redefining Bollywood's Concepts of Romance and Rejection"
Mohit Suri Is Open: Redefining Bollywood’s Concepts of Romance and Rejection
Entertainment
alt="The president of the United Arab Emirates begins a historic state visit to Turkey for strategic talks"
The president of the United Arab Emirates begins a historic state visit to Turkey for strategic talks
Exclusive

Recent News

  • Five Student Deaths at IIT Kharagpur in 2025: Another Tragedy
  • Solano, a Newcastle legend, assumes leadership as Pakistan’s football coach
  • UAE Issues Weather Alert: Rain, Wind, and Cooler Days Ahead
  • KHDA Summer Programmes Empower Students, Align with #DubaiDestinations Vision
  • Pakistan Launches Green Transit Drive, Lahore’s First Trackless Metro
The Arabian News

Quick Links

  • Home
  • Business
  • Real Estate
  • Contact

Featured Categories

  • Real Estate
  • Wellness
  • Politics
  • Economics

Find Us on Socials

© 2024 The Arabian News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?