US-China trade war escalates with new tariffs on goods, including fuel and smart speakers – ABC News (Australian Broadcasting Corporation)

A close up composite photo of Donald Trump and Xi Jinping

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“The United States should learn how to behave like a responsible global power and stop acting as a ‘school bully’,” the official Xinhua news agency said.”

A new round of tariffs took effect from 2:01pm on Sunday, with Beijing’s levy of five per cent on US crude marking the first time the fuel has been targeted since the world’s two largest economies started their trade war more than a year ago.

The Trump administration will begin collecting 15 per cent tariffs on more than $US125 billion ($185 billion) in Chinese imports, including smart speakers, Bluetooth headphones and many types of footwear.

via US-China trade war escalates with new tariffs on goods, including fuel and smart speakers – ABC News (Australian Broadcasting Corporation)