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May 10, 2019

China shoulders doubling of U.S. imposed tariffs

The U.S. pulls the trigger on tariffs. India’s richest man gets a new toy (store). Netflix launches in Africa. And where is Anu Anand, anyway?

A photo illustration shows a label inside an item of clothing reading "Made in China" in New York on May 09, 2019. - US and Chinese officials resumed crucial trade talks on thursday, trying to resolve a year-long dispute that was on the verge of escalating with new US tariffs. 
With US punitive tariffs on $200 billion in Chinese goods set to jump to 25 percent just after midnight, President Donald Trump said earlier on May 9, 2019 that an agreement remains "possible."
A photo illustration shows a label inside an item of clothing reading "Made in China" in New York on May 09, 2019. - US and Chinese officials resumed crucial trade talks on thursday, trying to resolve a year-long dispute that was on the verge of escalating with new US tariffs. With US punitive tariffs on $200 billion in Chinese goods set to jump to 25 percent just after midnight, President Donald Trump said earlier on May 9, 2019 that an agreement remains "possible."
JOHANNES EISELE/AFP/Getty Images

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