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Impact of trade tariffs on European companies

The United States has finalized the next China tariff list targeting another $16 billion in imports as of Aug. 23, the U.S. Trade Representative's office said.


Reuters Last Updated at 08 Aug 2018, 21:08 IST China, United States

Some European companies are rethinking their strategies to cushion the impact of trade tensions between the world's two biggest economies, the United States and China.

The United States has finalized the next China tariff list targeting another $16 billion in imports as of Aug. 23, the U.S. Trade Representative's office said.

China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said on Wednesday, also activating them on Aug. 23.

In the case of China, Trump threatened that he was ready to impose tariffs on an additional $500 billion of imports. The United States has already imposed tariffs on $34 billion of Chinese imports. In return, China has levied taxes on the same value of U.S. products.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY :
China United States

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