China imposed new tariff hikes on U.S. goods on Monday and accused Washington of bullying, giving no sign of compromise in an intensifying battle over technology that is weighing on global economic growth reports CBS News.
The General Administration of Customs said it started collecting additional taxes of 5% and 10% on a $60 billion list of 5,207 American goods from honey to industrial chemicals at noon. That coincided with the time for President Trump's planned tariff hike on $200 billion of Chinese imports to take effect, though there was no immediate U.S. government confirmation it was collecting the higher charges.
The tariff hike follows a report by The Wall Street Journal that Chinese officials pulled out of a meeting to discuss possible talks proposed by Washington.
