Now in its pilot phase, the application offers advanced features such as tracking trip revenues, receivables, performance metrics
transport1 hour ago
China announced Friday it will hit US imports worth $75 billion with new tariffs as retaliation for Washington's planned tariff hikes, further intensifying the pair's bruising trade war.
The punitive tariffs of 5 to 10 per cent will apply to 5,078 items from the US, starting September 1 and December 15, China's state council tariff office said.
Beijing also announced it will impose a 25 per cent tariff on US autos and a 5 per cent tariff on auto parts, also starting December 15.
The escalating trade war between the world's two largest economies is adding to growing fears of a possible recession in the US, with the tariffs weighing on global trade and both countries' growth.
US President Donald Trump has imposed steep tariffs on $250 billion in Chinese goods, with a further $300 billion in imports targeted for new duties in two more rounds, September 1 and December 15.
Meanwhile China has hit back with duties on around $110 billion of US goods - or nearly all of the $120 billion worth of American goods it imported last year.
Some of those goods will now likely have their tariff rates raised even further.
The tariff hikes by the US "have led to the continuous escalation of China-US economic and trade frictions, violating the consensus reached by the two heads of state in Argentina and the consensus reached in Osaka," China's State Council Tariff Commission Office said in a statement.
"China's adoption of punitive tariff measures is forced under the pressure of US unilateralism and trade protectionism," the office said.
Now in its pilot phase, the application offers advanced features such as tracking trip revenues, receivables, performance metrics
transport1 hour ago
Dortmund came into the season on the back of a bitter Bundesliga title loss on the final matchday of the previous campaign
football1 hour ago
Meet Kiwi shot putter Valerie Adams who swung back to action at 36 after two children and three critical abdominal surgeries to win an Olympic Bronze
sports1 hour ago
Luhrmann, the creative mind behind the 2022 biopic 'Elvis,' teased the possibility of delving further into Presley's musical legacy
entertainment1 hour ago
Winslet will grace the German festival to present the European premiere of her latest cinematic endeavour 'Lee'
entertainment1 hour ago
The singer-songwriter expressed her annoyance at the persistent association of her identity with her father, actor Keith Allen
entertainment1 hour ago
Scale Dubai's heights and capture the city's skyline from new viewpoints
entertainment1 hour ago
The Bollywood actress is one of the five Indians who have been chosen to be a part of Young Global Leaders (YGL) Community: The Class of 2024
entertainment1 hour ago