China to Impose Extra Tariffs Up to 15% on U.S. Goods
China will impose additional tariffs of 10-15% on certain U.S. imports starting March 10, the Chinese Finance Ministry announced, escalating trade tensions between the two nations.
Economic News
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China’s Inflation Sees Modest Rise of 0.5% in January
China’s consumer price index rose 0.5% year-on-year in January, signaling modest inflation growth, while producer prices fell by 2.3%, reflecting economic shifts.
U.S. Economy Grows 3.1% in Q3, Beating Expectations
U.S. GDP grew at an annual rate of 3.1% in Q3 2024, beating previous estimates. Higher exports and consumer spending drove the boost, indicating stronger economic momentum.