New tariffs come into force in the US-China trade war

China and the United States imposed last Sunday their latest round of tariffs on their respective imports, according to the Associated Press.

US tariffs forecast at 15% on Chinese goods of about $ 112 billion could affect consumer prices for products ranging from shoes to sporting goods, AP said, and could mark a turning point in the way the current trade war directly affects consumers. Nearly 90% of clothing and textiles purchased by the United States from China will also be subject to tariffs.

Until now, the Trump administration has largely avoided tariffs on consumer goods and consumer spending remained high despite slowing down in other economic areas such as spending on goods and services. 39, investment and exports. President TrumpDonald John TrumpTrump and the crisis in Hong Kong Warren, Sanders are arguing to become the main alternative to biden Hurricane Dorian is changing lanes towards Georgia, Carolines MOREEconomic advisers, Larry KudlowLawrence (Larry) Alan KudlowMORE and Peter Navarro, have always maintained that the trade dispute would not or would not affect consumers very little.

Meanwhile, China has begun to apply tariffs of 5 to 10 percent on US products, ranging from frozen sweet corn and pork liver to bicycle tires on Sunday, according to the AP.

The United States scheduled for December 15 another set of 15% tariffs, covering about 160 billion dollars of Chinese imports. Beijing has promised retaliatory tariffs that, combined with Sunday's increases, would cover $ 75 billion worth of US goods if the December 15 tariffs came into effect.

Chinese official media on Sunday accused the United States of maintaining the current tariffs, saying they would also harm US interests, according to Reuters.

"The United States should learn to behave as a responsible global power and stop behaving like a" school hangman, "the official Xinhua news agency said, Reuters said. .

"As the world's only superpower, it must shoulder its responsibility and join with other countries to make this world a better and more prosperous place. Only then can America become big again, "said Xinhua.