Business and EconomicsNews from Around Asia

US-China Trade War shows no sign of letting up

The United States will impose 10 percent levy on additional US300 billion worth of Chinese imports starting 1 September. This latest announcement adds to the US earlier levy on US250 billion worth of Chinese imports. The new import duties will affect a broad range of goods, from toys, smartphones, electronic items and textiles. President Trump’s latest announcement is set to see retaliatory measures from China. China has announced that it will respond to the US latest announcement. Markets are not taking the news too kindly either. For more

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