The US is imposing new tariffs on 200 billion dollars worth of Chinese goods as it escalates its trade war with Beijing. The higher import taxes will apply to almost 6,000 items, marking the biggest round of US tariffs so far. Handbags, rice and textiles will be included, but some items expected to be targeted such as smart watches and high chairs have been excluded. China has previously vowed to retaliate against any further US tariffs.
- Rahmat, spinners knock Sri Lanka out of Asia Cup
- The value added tax on imported fabric reduced to five percent.