Daily News

UN report: U.S. tariff hike on China would result in global economic downturn

February 8, 2019
A U.S. tariff hike on Chinese imports would result in “significant repercussions” for international trade, according to a new study from the U.N. Conference on Trade and Development. The U.S. has imposed Section 301 tariffs on $250 billion worth of Chinese goods over what it has deemed unfair trading practices. If the U.S. and China don't come to an agreement by March 1, the Trump administration intends to increase 10 percent tariffs on $200 billion of those goods to 25...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on the trade relations with China and the changes being made by the Trump administration.