The United States and China have imposed new tariff hikes on each other’s goods, giving no sign of compromise in an intensifying trade war that is weighing on global economic growth.
US regulators went ahead with a planned 10 percent tax on a $200 billion list of 5,745 Chinese imports including bicycles, furniture and other consumer goods.
China’s customs agency said it responded at noon Monday by beginning to collect taxes of 5 or 10 percent on a $60 billion list of 5,207 American goods, from industrial chemicals to honey.
The two sides had already imposed 25 percent penalties on $50 billion of each other’s goods in the summer.
US President Donald Trump threatened last week to add $267 billion in Chinese imports to the target list if Beijing retaliated for the latest US taxes. That would cover nearly everything China sells to the United States.
China’s imports of American goods last year totaled $153.9 billion while the United States…