US-China trade talks continue as tariffs go up

China maintains it has acted in good faith but vowed to take the necessary countermeasures to the US tariff hike, without elaborating.
China maintains it has acted in good faith but vowed to take the necessary countermeasures to the US tariff hike, without elaborating. PHOTO: AFP

Beijing threatens countermeasures; Trump says there is no need to rush into a deal

Top American and Chinese trade negotiators resumed talks in the US capital yesterday, just hours after Washington raised tariffs on US$200 billion (S$273 billion) worth of Chinese goods and with Beijing's threat of countermeasures looming.

The United States went ahead with the hike, increasing tariffs by 15 percentage points to 25 per cent at 12.01am yesterday in the US, after the first day of trade talks failed to yield an unlikely breakthrough.

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A version of this article appeared in the print edition of The Straits Times on May 11, 2019, with the headline 'US-China trade talks continue as tariffs go up'. Print Edition | Subscribe