New US, China tariffs take effect to start the week

The Trump administration has also called on China to allow USA companies greater access to Chinese markets and to cut its US trade surplus.

The US Senate is set to impose further sanctions on China after Shanghai was found to be buying jets, missiles, and other weaponry from a Russian weapons exporter that landed on the US' no-fly list in sanctions against Russia, and the US is set to punish China for running business with the black-balled corporation.

Soon after the fresh duties went into effect, China accused the United States of engaging in "trade bullyism" and said it was intimidating other countries to submit to its will through measures such as tariffs, the official Xinhua news agency said.

Secretary of State Mike Pompeo vowed that the United States would emerge victorious in an intensifying trade war with China, a day before Washington imposes $200 billion (R2 863 300 000 000,00) worth of tariffs.

The two sides already traded tariffs on $50bn worth of goods from each country earlier this summer.

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Last week, the United States ordered duties on another $200 billion of Chinese goods to go into effect on September 24 (Monday).

On Saturday, Beijing cancelled scheduled talks with Washington meant to defuse trade tensions.

Earlier this week, the U.S. slapped an additional 10 per cent import duties on $200 billion worth of Chinese products, warning Beijing of fresh taxes on another $267 billion in Chinese imports.

Greg Swenson, founding partner at Brigg Macadam, a mergers and acquisitions consultancy firm told Al Jazeera's Counting the Cost programme that while tariffs might not be the best approach, the USA is attempting to resolve an acknowledged issue. Beijing's new levies will be 5-10 percent.

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