US-China talks break up after US raises tariffs - News Summed Up

US-China talks break up after US raises tariffs


Hours earlier, the Trump administration hiked tariffs on $200 billion worth of Chinese imports to 25% from 10%, escalating tensions between Beijing and Washington. Hu Xijin, editor-in-chief of the Chinese newspaper Global Times, citing "an authoritative source," tweeted that "talks didn't break down. American officials accuse Beijing of backtracking on commitments made in earlier rounds of negotiations. Chinese officials have targeted operations of American companies in China by slowing customs clearance for them and stepping up regulatory scrutiny that can hamper operations. American officials say China has repeatedly broken past promises.


Source: The Telegraph May 10, 2019 18:45 UTC



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