tariffs have kicked in for two hundred billion dollars worth of chinese products beijing retaliating targeting sixty billion dollars worth of u.s. goods with extra duties. workers in a chinese factory making flags on banners for donald trump s reelection campaign in twenty twenty if you want an idea of the irony and complexity of the trade dispute between the world s two biggest economies here it is in a nutshell. the dispute has escalated dramatically since this meeting between the american president and his chinese counterpart teaching ping almost a year ago. so what s happened since then and what it meant for both economies let s take a look at last year the u.s. imported five hundred five billion dollars worth of goods from china back in june trump impose tariffs on fifty billion dollars worth of them as of today further g. s have come into effect on another two hundred billion dollars worth of goods on
on the other side china it s imports from the u.s. and twenty seventeen total one hundred twenty nine billion dollars in the summer china responded to u.s. tires by imposing duties on some fifty billion dollars worth of u.s. goods and now it s retaliation again by adding judy s to a further sixty billion dollars of u.s. products. meanwhile the war of words continues to. here s what u.s. secretary of state mike pompei o had to say about the trade war when he appeared on fox news on sunday. we know this much the trade war. state has been going on for years. here s what s different in this administration to the extent one wants to call this a trade war we are determined to win it china for its part accuses the united states of bullying with no sign of a less open the tit for top spot economists say the real losers in this trade
and u.s. indices all falling this monday washington s latest tariffs have kicked in for two hundred billion dollars worth of chinese products beijing retaliating targeting sixty billion dollars worth of u.s. goods with extra duties. workers in a chinese factory making flags and banners for donald trump s reelection campaign in twenty twenty if you want an idea of the irony and complexity of the trade dispute between the world s two biggest economies here it is in a nutshell the dispute has escalated dramatically since this meeting between the american president and his chinese counterpart xi jinping almost a year ago so what s happened since then and what it meant for both economies let s take a look at last year the u.s. imported just over five hundred billion dollars worth of goods from china back in june trump imposed tariffs on fifty billion dollars worth of them as of today further duties of come into effect on another two hundred billion dollars worth of
products. on the other side china its imports from the u.s. last year totaled one hundred twenty nine billion dollars only about a quarter of the value of u.s. bound exports in the summer china responded to u.s. tariffs by imposing judy s on some fifty billion dollars worth of u.s. goods and now it s retaliated again by adding duties to a further sixty billion dollars of u.s. goods but if the u.s. ups the ante again china doesn t have much room to move. meanwhile the war of words has also escalated here s what u.s. secretary of state mike pump aoe had to say about the trade war when he appeared on u.s. television on sunday. we know this much the trade war. against the united states has been going on for years. here s what s different this administration. wants to call this a trade war we are determined to win it china for its part accuses the united
billion dollars far exceeds western trade with africa. after years of crisis most argentineans are used to cutbacks and now it s the government s turn the number of the country s ministries will be cut by more than half but president maurice your mockery says there is still hope. in these few months all the storms were unleashed at the same time. but that s no reason to lose hope we must mature as a society not continue living above means nor continue living with corruption. on wednesday international monetary fund managing director christine lagarde met argentinian finance minister nicolas to of me argentina signed a fifty billion dollars standby deal with the i.m.f. in june with first instalments do inside a few months but harvey says it needs help sooner than that without an urgent financial injection the country will be bankrupt within weeks. when.