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
them in the twenty seventh minute lookee over it with some sort of wing play in the build up justin fernandez with the simplest of finishes off the sabbats the eyelids had a was saved. it wasn t until the second half that like to give ventura he showed some gumption to chant pull gifted the visitors a chance for twelve yards. and will host bird slot at home coolly to pull his side level in the fifty third minute one one the final score neither side offering much in the way of performance or discipline. monica joins me now with businesses in china as accuse a us often gazing in what it calls trade bullyism why is that and rita that of course because there has been another round of us tariffs on chinese goods and that round kicked in today at the stroke of midnight washington started imposing tariffs on two hundred billion dollars worth of chinese products beijing retaliated by targeting sixty billion dollars of u.s.
and a sino american trade tensions are hitting the financial markets that is right brant is jitters all over the globe investors are increasingly bracing for a prolonged trade war the key asian and european indices all falling on monday washington s latest terrorists have kicked in for two hundred billion dollars worth of chinese goods the beijing issues washington of trades tourney and wants to retaliate targeting sixty billion dollars worth of us 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
check in with our new york financial correspondent dan scotto haiyan cisco to see you again now we see most indices in the green yes why is the market so calm and all of this. you know it s not just that most amusing green but actually the s. and p. five hundred and the dow jones industrial average are almost at a record level and servia saw a very strong session here on wall street two one reason might be that the terrorists so far are considered to be moderate at least when you talk to investors over here is some experts fear that we might have even seen tariffs on those two hundred billion dollars in goods not of ten but twenty five percent but u.s. president donald trump is probably well aware that the holiday season is coming and he doesn t want to hurt u.s. consumers too much and then also we have the midterm elections coming up and then
good faith and mutual respect is the only right way out of the trade dispute going on but what the u.s. is doing now shows no sincerity and goodwill for found out soon that china s counter attack comes in response to washington s move to slap two hundred billion dollars worth of tariffs on chinese goods overnight on monday those duties are set to come into effect on the twenty fourth of september starting at a rate of ten percent rising to twenty five percent at the end of the year and targeting mainly consumer products ahead of beijing s retaliation president trump of peta think the move was enough to force china to the negotiating table so china is now paying those billions of dollars in tariffs and hopefully will be able to work something out what i think they want to make a deal they don t want to make it about i can tell you they want to make a deal. but from our standpoint it has to be fair it has to take care of our workers but both are calling me is could now be losing room to