The trade conflict between the US and China sharply escalated on September 1. Washington imposed 15% tariffs on popular imports from China such as clothes, footwear, and gadgets, including speakers, smart watches, and Bluetooth headphones. The new tariffs target China’s goods worth $125 billion. With the latest move, now the US collects duties on all imports from China. In response, Beijing slapped a 5% tariff on US crude oil for the first time since the trade war broke out. China’s authorities compiled the list of 1,717 items originating from the US which would be subject to levies until December 15, 2019. Beijing has already begun to collect tariffs on the US imports worth $75 billion. Additional tariffs on the rest of the items will come into force on December 15.
Nevertheless,
mutual restrictions did not cancel a new round of the high-level
trade talks. Donald Trump confirmed that the trade talks would
restart in October. The President aims to ease US dependence on
China. So, he called on American companies to seek alternative
suppliers outside China. "China has been ripping this
country off for 25 years,» the US leader made
strongly-worded comments on a variety of tariffs on China’s
imports.