The US on Friday announced additional tariffs of 25 percent on Chinese imports worth approximately billion, including products from the aerospace, robotics, machinery, new materials and automobile sectors. To ensure its rights, China on Saturday announced it will implement additional 25 percent tariffs on 659 goods worth billion from the US.
The United States government has formally launched a probe into China's intellectual property policies and practices just four days after President Donald Trump asked his top trade official to decide if an investigation was necessary.
The United Nations Security Council scheduled an emergency meeting about the situation on Wednesday in New York.
The US Chamber has vocally opposed using tariffs as a way to address China's trade and investment policies and practice, US Chamber of Commerce President and CEO Thomas J. Donohue said in a statement after the tariffs were announced earlier Friday.
The United States has reached agreements with China on final details of a protocol to allow it to export beef to China, the US Department of Agriculture said on June 12.
The US unemployment rate had been hovering near a historically low level, around 3.5 to 3.6 percent, since September last year.
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The United Nations stands ready to support local and national authorities, in addition to the support already being provided by humanitarian partners, the statement said.
The US, Russia, Brazil and Turkey are among those countries whose containment of COVID-19 is regarded as worse than that of the EU.
The United Kingdom and China have agreed to raise the limit on the number of direct weekly flights between the two nations to 150 from 100. The UK government said the move was the first of several "open skies" deals struck in an effort to increase trade post-Brexit.
The US death toll from COVID-19 approached 190,000 Wednesday, with at least a half-million children infected, as a top health official undercut President Donald Trump's suggestion that a vaccine may be available by Election Day.