[Beijing 30th Reuters]-The Chinese Ministry of Foreign Affairs confirmed on the 30th that the trade negotiation teams of the two countries maintain effective communication, despite the ongoing US-China customs battle.
The fourth US sanctions duty on China will be activated on September 1. First, a 15% tariff is imposed on products worth about $ 125 billion, such as smart watches and flat-screen TVs.
China also imposes an additional tariff of 5-10% on products worth $ 75 billion imported from the US as a retaliatory measure. Some will be activated on September 1st.
