The trade dispute between the US and China takes another turn on Sunday with a major new round of US tariffs.Billions more in Chinese goods will be hit with tariffs on September 1st. This time around the target is consumer products. US President Donald Trump already plans to further increase import duties on $250 billion of Chinese products in October. Meanwhile, China has announced that it will introduce a smaller set of tariffs on US goods. And, as all of this plays out, there is potential for more talks between the sides in Washington.
We begin with CGTN’s White House correspondent Nathan King.
To discuss all of this:
- Zhao Hai is an Assistant research fellow with the Chinese Academy of Social Sciences
- Yan Liang is an associate professor of economics at Willamette University.
- Saruhan Hatipoglu is a global economics analyst for CGTN.
- John Sitilides is a government affairs specialist and consultant to the US State Department.
U.S. travel industry feels chill as Chinese tourists stay away.
— China Xinhua News (@XHNews) August 28, 2019
U.S. firms could lose a lot if the U.S.-China trade war lasts too long. Consider this:
• KFC sells more chicken in China than in U.S.
• General Motors sold 3.6 million vehicles in China in 2018
• A third of Cummins engines were sold in China in 2018https://t.co/dAmBgYd9uQ
— NPR (@NPR) August 28, 2019