China Strikes Back With Tariffs | NAFTA Talks Set to Resume
Published September 19, 2018
The US and China plunged deeper into a trade war after Beijing added $60 billion worth of US products to its import tariff list in retaliation against $200 billion worth of new trade sanctions on Chinese goods announced by President Donald Trump.
Foreign Affairs Minister Chrystia Freeland is back in Washington and will meet US Trade Representative Robert Lighthizer in search of a way to bridge the divide that’s keeping Canada out of a new NAFTA pact.
China cut US treasury holdings as the trade war intensifies between the world’s two largest economies. China’s ownership of US bonds, bills and notes slipped to $1.17 trillion, the lowest level since January.
Prime Minister Theresa May is preparing to refuse Brussels’ improved offer on the Northern Ireland border riddle. The Prime Minister will call for a compromise over talks, particularly with the Irish border issue, during a crunch summit in the Austrian city of Salzburg today.