ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Trade war

US and China hit each other with tariffs in round two of trade war

Negative impact of $16bn of tariffs is likely to spill across Asia, global markets

Donald Trump campaign banners are produced by Jiahao Flag Co. in China.   © Reuters

TOKYO -- The U.S. and China hit each other on Thursday with $16 billion of tariffs on imports, as talks between officials from the world's two biggest economies were unable to resolve the dispute.

The second list from U.S. President Donald Trump's administration targets alleged Chinese violations of intellectual property rights, and includes tariffs of 25% on goods including semiconductors, electronic parts and plastics. Beijing hit back immediately.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more