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China retaliatory tariffs on US goods come into force

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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

Source: dw.com

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