US, China impose new round of tariffs

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The latest round in the trade war between the US and China is underway.

The two countries put into effect 25 percent tariffs on $16 billion worth of each other’s goods.

That makes it $50 billion worth of imports subjected to tariffs on either side since early July, and more are in the pipeline, adding to risks for global economic growth.

China’s Commerce Ministry said Washington was “remaining obstinate” by implementing the latest tariffs, according to Reuters.

The next round could see a list of an additional $200 billion worth of Chinese imports face duties.

The tariffs took effect while US and Chinese officials hold two days of talks in Washington.

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