U.S., China kick off new round of tariffs in trade war
Arirang News
2019-09-02
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미중, 추가관세 강행…깊어진 갈등에 '9월 무역협상' 난기류
The world's two biggest economies, as of Sunday, have imposed new tariffs on each other.
The U.S. on Chinese consumer goods and China on American oil.
There's still hope, though, that talks will resume later this month.
Lee Seung-jae has the details.
The U.S. has begun imposing its additional 15-percent tariffs on more than 125-billion U.S. dollars of Chinese imports,... including smart speakers, Bluetooth headphones and footwear.
In return,... China has also begun imposing a 5-percent tariff on U.S. crude oil on Sunday-- the first time U.S. oil has been targeted since the two countries began their trade war more than a year ago.
Speaking to reporters at the White House on Sunday,... President Trump said the U.S. will be giving some of the money from the tariffs to U.S. farmers,... who he says have been targeted unfairly by China.
"We are taking in tens of billions of dollars, we're giving some of the money to the farmers, making the farmers more than whole. The farmers are doing better than if China frankly were buying. I'm taking a piece of the massive amount of tariffs we're giving them to the farmers who have been targeted unfairly by China."
Despite the two nations imposing tariffs on each other's goods,... Washington and Beijing will continue their trade talks and will meet in September.
We are talking to China. The meeting is still on as you know September, that hasn't changed, they haven't changed it, we haven't. We'll see what happens. But we can't allow China to rip us off anymore as a country. We can't allow China to take five hundred billion dollars a year out of our country. We can't do that."
Beijing has pressed Washington to call off the tariff increase,... but said last week that trade talks were still being discussed between the two.
The extra tariffs will further harm Washington-Beijing ties,... already strained by U.S. freedom of navigation exercises near Chinese-occupied islands in the disputed South China Sea, and U.S. support for self-ruled and democratic Taiwan,... which China claims as its own.
Lee Seung-jae, Arirang News.
The world's two biggest economies, as of Sunday, have imposed new tariffs on each other.
The U.S. on Chinese consumer goods and China on American oil.
There's still hope, though, that talks will resume later this month.
Lee Seung-jae has the details.
The U.S. has begun imposing its additional 15-percent tariffs on more than 125-billion U.S. dollars of Chinese imports,... including smart speakers, Bluetooth headphones and footwear.
In return,... China has also begun imposing a 5-percent tariff on U.S. crude oil on Sunday-- the first time U.S. oil has been targeted since the two countries began their trade war more than a year ago.
Speaking to reporters at the White House on Sunday,... President Trump said the U.S. will be giving some of the money from the tariffs to U.S. farmers,... who he says have been targeted unfairly by China.
"We are taking in tens of billions of dollars, we're giving some of the money to the farmers, making the farmers more than whole. The farmers are doing better than if China frankly were buying. I'm taking a piece of the massive amount of tariffs we're giving them to the farmers who have been targeted unfairly by China."
Despite the two nations imposing tariffs on each other's goods,... Washington and Beijing will continue their trade talks and will meet in September.
We are talking to China. The meeting is still on as you know September, that hasn't changed, they haven't changed it, we haven't. We'll see what happens. But we can't allow China to rip us off anymore as a country. We can't allow China to take five hundred billion dollars a year out of our country. We can't do that."
Beijing has pressed Washington to call off the tariff increase,... but said last week that trade talks were still being discussed between the two.
The extra tariffs will further harm Washington-Beijing ties,... already strained by U.S. freedom of navigation exercises near Chinese-occupied islands in the disputed South China Sea, and U.S. support for self-ruled and democratic Taiwan,... which China claims as its own.
Lee Seung-jae, Arirang News.
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