U.S.- China Relations: Tariffs Accelerated, Negotiations Stalled

DBRS Inc. (DBRS) released a commentary titled “U.S.-China Relations: Tariffs Accelerated, Negotiations Stalled.”

U.S.- China relations deteriorated further with the USTR increasing tariffs to 25% on US$200 billion Chinese goods on May 10 and working on raising tariffs on all remaining imports from China. On May 13, China’s State Council announced retaliatory tariffs, increasing the 10% tariff rate on about US$60 billion of U.S. goods to 20-25%.