Business, Top Stiri

China retaliatory tariffs on US goods come into force

logistic China USA

No end seems to be in sight for the bitter trade spat between the US and China, as Beijing’s retaliatory tariffs on US goods kick in. China now plans to create a blacklist of „unreliable” foreign firms.

Beijing on Friday said it would create a blacklist of „unreliable” foreign firms and individuals, marking a new escalation in the increasingly acrimonious trade dispute between the United States and China. The move is seen as a response to the US government’s recent decision to blacklist Chinese tech giant Huawei, denying it access to domestic markets and restricting US sales to the company, though a 90-day reprieve was issued


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